ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2025

The following tables summarize the activity within accumulated other comprehensive loss during the three months ended March 31, 2025 and 2024. 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, December 31, 2024	$	(882)	$	(9)	$	(129)	$	(1,020)
Comprehensive (loss) income before reclassifications	35		(1)		(2)		32
Income taxes associated with comprehensive (loss) income before reclassifications	24		—		1		25
Reclassification from accumulated other comprehensive (loss) income	—		4		(2)		2


Ending balance, March 31, 2025	$	(823)	$	(6)	$	(132)	$	(961)


(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, December 31, 2023	$	(719)	$	28	$	(137)	$	(828)
Comprehensive (loss) income before reclassifications	(52)		18		6		(28)
Income taxes associated with comprehensive (loss) income before reclassifications	(14)		—		—		(14)
Reclassification from accumulated other comprehensive (loss) income	—		(10)		(2)		(12)
Income taxes associated with comprehensive income (loss) reclassified into net earnings	—		—		(1)		(1)

Ending balance, March 31, 2024	$	(785)	$	36	$	(134)	$	(883)