ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2024

The following tables summarize the activity within accumulated other comprehensive loss during the three and six months ended June 30, 2024 and 2023. Certain prior period amounts have been updated to reflect the gains and losses on hedge instruments that were reclassified to the income statement.


(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, March 31, 2024	$	(785)	$	36	$	(134)	$	(883)
Comprehensive (loss) income before reclassifications	(24)		(14)		2		(36)
Income taxes associated with comprehensive (loss) income before reclassifications	(7)		—		(1)		(8)
Reclassification from accumulated other comprehensive (loss) income	—		(12)		(1)		(13)
Income taxes associated with comprehensive income (loss) reclassified into net earnings	—		—		2		2

Ending balance, June 30, 2024	$	(816)	$	10	$	(132)	$	(938)


(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, March 31, 2023	$	(711)	$	18	$	(131)	$	(824)
Comprehensive (loss) income before reclassifications	(102)		35		(2)		(69)
Income taxes associated with comprehensive (loss) income before reclassifications	7		—		(1)		6
Reclassification from accumulated other comprehensive (loss) income	—		(11)		—		(11)

Ending balance, June 30, 2023	$	(806)	$	42	$	(134)	$	(898)


(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, December 31, 2023	$	(719)	$	28	$	(137)	$	(828)
Comprehensive income (loss) before reclassifications	(76)		4		8		(64)
Income taxes associated with comprehensive income (loss) before reclassifications	(21)		—		(1)		(22)
Reclassification from accumulated other comprehensive (loss) income	—		(22)		(3)		(25)
Income taxes associated with comprehensive income (loss) reclassified into net earnings	—		—		1		1

Ending balance, June 30, 2024	$	(816)	$	10	$	(132)	$	(938)


(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, December 31, 2022	$	(750)	$	4	$	(130)	$	(876)
Comprehensive income (loss) before reclassifications	(68)		48		(4)		(24)
Income taxes associated with comprehensive income (loss) before reclassifications	12		—		(1)		11
Reclassification from accumulated other comprehensive (loss) income	—		(10)		1		(9)
Ending balance, June 30, 2023	$	(806)	$	42	$	(134)	$	(898)