ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the activity within accumulated other comprehensive loss. 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 postretirement plans		Total
Beginning Balance, January 1, 2022	$	(423)	$	—	$	(128)	$	(551)

Comprehensive (loss) income before reclassifications	(287)		20		(14)		(281)
Income taxes associated with comprehensive (loss) income before reclassifications	(40)		—		7		(33)
Reclassification from accumulated other comprehensive (loss) income	—		(16)		7		(9)
Income taxes reclassified into net earnings	—		—		(2)		(2)
Ending Balance December 31, 2022	$	(750)	$	4	$	(130)	$	(876)
Comprehensive (loss) income before reclassifications	27		59		(9)		77
Income taxes associated with comprehensive (loss) income before reclassifications	24		—		(5)		19
Reclassification from accumulated other comprehensive (loss) income	—		(34)		3		(31)
Income taxes reclassified into net earnings	—		—		(1)		(1)
Spin-Off of PHINIA	(20)		(1)		5		(16)
Ending Balance December 31, 2023	$	(719)	$	28	$	(137)	$	(828)
Comprehensive (loss) income before reclassifications	(124)		(2)		19		(107)
Income taxes associated with comprehensive (loss) income before reclassifications	(39)		—		(2)		(41)
Reclassification from accumulated other comprehensive (loss) income	—		(35)		(7)		(42)
Income taxes reclassified into net earnings	—		—		(2)		(2)
Ending Balance December 31, 2024	$	(882)	$	(9)	$	(129)	$	(1,020)