ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables summarize the activity within accumulated other comprehensive loss during the three and six months ended June 30, 2025 and 2024.

(in millions)	Foreign currency translation adjustments		Cash flow hedges		Defined benefit retirement plans		Total
Beginning balance, March 31, 2025	$	(823)	$	(6)	$	(132)	$	(961)
Comprehensive income (loss) before reclassifications	60		(10)		(4)		46
Income taxes associated with comprehensive income (loss) before reclassifications	43		—		2		45
Reclassification from accumulated other comprehensive income (loss)	—		4		(1)		3
Income taxes associated with comprehensive income (loss) reclassified into net earnings	—		—		(1)		(1)
Ending balance, June 30, 2025	$	(720)	$	(12)	$	(136)	$	(868)

(in millions)	Foreign currency translation adjustments		Cash flow hedges		Defined benefit retirement plans		Total
Beginning balance, March 31, 2024	$	(785)	$	36	$	(134)	$	(883)
Comprehensive income (loss) before reclassifications	(24)		(14)		2		(36)
Income taxes associated with comprehensive income (loss) before reclassifications	(7)		—		(1)		(8)
Reclassification from accumulated other comprehensive income (loss)	—		(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		Cash flow hedges		Defined benefit retirement plans		Total
Beginning balance, December 31, 2024	$	(882)	$	(9)	$	(129)	$	(1,020)
Comprehensive income (loss) before reclassifications	95		(11)		(6)		78
Income taxes associated with comprehensive income (loss) before reclassifications	67		—		3		70
Reclassification from accumulated other comprehensive income (loss)	—		8		(3)		5
Income taxes associated with comprehensive income (loss) reclassified into net earnings	—		—		(1)		(1)
Ending balance, June 30, 2025	$	(720)	$	(12)	$	(136)	$	(868)

(in millions)	Foreign currency translation adjustments		Cash flow hedges		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 income (loss)	—		(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)