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COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Reclassifications out of AOCI
The following table provides details about the reclassifications out of AOCI:

Three Months Ended March 31,Location in the consolidated statement of operations
Losses on cash flow hedges20202019
Interest rate contract$(1) $—  Other non-operating income, net
Income tax effect of item above —  —  Provision for income taxes
Total net losses on cash flow hedges(1) —  
Pension and other retirement benefits
Amortization of actuarial losses and prior service costs included in net income(1) (1) Operating expense
Amortization of actuarial losses and prior service costs included in net income(1) —  SG&A expense
Total before income taxes(2) (1) 
Income tax effect of item above1  1  Provision for income taxes
Total pension and other retirement benefits(1) —  
Total net losses included in Net Income attributable to reclassifications out of AOCI$(2) $—  
Components of Accumulated Other Comprehensive Income
The cumulative amount of net investment hedge and cash flow hedge gains (losses) remaining in AOCI is as follows:

Cumulative Gains/(Losses), net of tax
March 31, 2020December 31, 2019
Net investment hedges
Cross currency swaps
$107  $41  
FX forwards
26  26  
Long-term debt
10  (13) 
Total net investment hedges
$143  $54  
Cash flow hedges
Interest rate contracts
$(37) $(2) 
Cross currency swaps2  2  
Total cash flow hedges
(35) —  
Total net gain in AOCI
$108  $54  
The following tables show changes in AOCI by component (net of tax):

Three Months Ended March 31, 2020
Pension and Other Retirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentsNet Investment HedgesTotal
Balance December 31, 2019$(92) $—  $(401) $54  $(439) 
Other comprehensive income/(loss) before reclassifications(1) (36) (169) 89  (117) 
Amounts reclassified from AOCI1  1  —  —  2  
Other comprehensive income/(loss)—  (35) (169) 89  (115) 
Balance March 31, 2020$(92) $(35) $(570) $143  $(554) 


Three Months Ended March 31, 2019
Pension and Other Retirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentsNet Investment HedgesTotal
Balance December 31, 2018$(53) $—  $(406) $33  $(426) 
Other comprehensive income/(loss) before reclassifications1  —  (34) 24  (9) 
Amounts reclassified from AOCI—  —  —  —  —  
Adoption of ASU 2018-02(17) —  —  (3) (20) 
Other comprehensive income/(loss)(16) —  (34) 21  (29) 
Balance March 31, 2019$(69) $—  $(440) $54  $(455)