COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

6 Months Ended

Jun. 30, 2020

The following table provides details about the reclassifications out of AOCI:



Losses on cash flow hedges	Three Months Ended June 30, 2020		Six Months Ended June 30, 2020		Location in the consolidated statement of operations

Interest rate contract	$	—	$	(1)	Other non-operating expense, net

Income tax effect of items above	—		—		Provision for income taxes
Total net gains (losses) on cash flow hedges	—		(1)





Pension and other retirement benefits
Amortization of actuarial losses and prior service costs included in net income	(1)		(2)		Operating expense
Amortization of actuarial losses and prior service costs included in net income	—		(1)		SG&A expense
Total before income taxes	(1)		(3)
Income tax effect of item above	—		1		Provision for income taxes
Total pension and other retirement benefits	(1)		(2)
Total net losses included in Net Income attributable to reclassifications out of AOCI	$	(1)	$	(3)


					Location in the consolidated statement of operations
	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019





Pension and other retirement benefits
Amortization of actuarial losses and prior service costs included in net income	—		(1)		Operating expense
Amortization of actuarial losses and prior service costs included in net income	(1)		(1)		SG&A expense
Total before income taxes	(1)		(2)
Income tax effect of item above	—		1		Provision for income taxes
Total pension and other retirement benefits	(1)		(1)
Total net losses included in Net Income attributable to reclassifications out of AOCI	$	(1)	$	(1)

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
	June 30, 2020		December 31, 2019
Net investment hedges
Cross currency swaps	$	58	$	41
FX forwards	26		26
Long-term debt	(14)		(13)
Total net investment hedges	$	70	$	54
Cash flow hedges
Interest rate contracts	$	(51)	$	(2)
Cross currency swaps	2		2
Total cash flow hedges	(49)		—
Total net gain in AOCI	$	21	$	54

The following tables show changes in AOCI by component (net of tax):



	Three Months Ended
	June 30, 2020																		June 30, 2019
Gains/(Losses)	Pension and Other Retirement Benefits		Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Investment Hedges		Total		Pension and Other Retirement Benefits		Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Investment Hedges			Total
Balance March 31,	$	(92)	$	(35)	$	(570)	$	143	$	(554)	$	(69)	$	—	$	(440)	$	54		$	(455)
Other comprehensive income/(loss) before reclassifications	7		(14)		91		(73)		11		(2)		—		39		(29)			8
Amounts reclassified from AOCI	1		—		—		—		1		1		—		—		—			1
Other comprehensive income/(loss)	8		(14)		91		(73)		12		(1)		—		39		(29)			9
Balance June 30,	$	(84)	$	(49)	$	(479)	$	70	$	(542)	$	(70)	$	—	$	(401)	$	25		$	(446)


	Six Months Ended
	June 30, 2020																				June 30, 2019
Gains/(Losses)	Pension and Other Retirement Benefits		Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Investment Hedges		Total		Pension and Other Retirement Benefits		Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Investment Hedges		Total
Balance December 31,	$	(92)	$	—	$	(401)	$	54	$	(439)	$	(53)	$	—	$	(406)	$	33	$	(426)
Other comprehensive income/(loss) before reclassifications	6		(50)		(78)		16		(106)		(1)		—		5		(5)		(1)
Amounts reclassified from AOCI	2		1		—		—		3		1		—		—		—		1
Adoption of ASU 2018-02	—		—		—		—		—		(17)		—		—		(3)		(20)
Other comprehensive income/(loss)	8		(49)		(78)		16		(103)		(17)		—		5		(8)		(20)
Balance June 30,	$	(84)	$	(49)	$	(479)	$	70	$	(542)	$	(70)	$	—	$	(401)	$	25	$	(446)