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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net Income $ 418 $ 224 $ 718 $ 623
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature        
Adjustments and gains (losses) arising during the period 4 (21) 12 (44)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax 60 0 60 0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax 64 (21) 72 (44)
Tax (expense) benefit 0 0 0 0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax 64 (21) 72 (44)
Changes in pension and post-retirement benefits        
Unrealized gains (losses) arising during period, before Tax 0 0 0 0
Reclassification of (gains) losses into Net Income 1 4 1 9
Changes in pension and post-retirement benefits, before Tax 1 4 1 9
Pension and post-retirement benefit plans, tax 0 (1) (2) (2)
Pension and post-retirement benefit plans, net of tax 1 3 (1) 7
Changes in derivative instruments        
Unrealized gains (losses) arising during the period 26 15 18 72
Reclassification of (gains) losses into Net Income (8) 6 (11) 18
Changes in derivative instruments 18 21 7 90
Changes in derivatives, Tax (5) (5) (2) (22)
Changes in derivatives, net of tax 13 16 5 68
Other comprehensive income (loss), net of tax 78 (2) 76 31
Comprehensive Income (Loss) $ 496 $ 222 $ 794 $ 654