COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Sep. 30, 2020

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



Losses on cash flow hedges	Three Months Ended September 30, 2020		Nine Months Ended September 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 losses on cash flow hedges	—		(1)





Pension and other retirement benefits
Amortization of actuarial losses and prior service costs included in net income	(1)		(3)		Operating expense
Amortization of actuarial losses and prior service costs included in net income	(1)		(2)		SG&A expense
Total before income taxes	(2)		(5)
Income tax effect of item above	—		1		Provision for income taxes
Total pension and other retirement benefits	(2)		(4)
Total net losses included in Net Income attributable to reclassifications out of AOCL	$	(2)	$	(5)


					Location in the consolidated statement of operations
Gains (losses) on cash flow hedges	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Cross-currency swap	$	—	$	—	Other non-operating income, net
Interest rate contract	—		—		Interest expense, net
Total before income taxes	—		—
Income tax effect of items above	—		—		Provision for income taxes
Total net gains (losses) on cash flow hedges	—		—
Gains on net investment hedges
FX forwards	1		1		Other non-operating income, net
Income tax effect of item above	—		—		Provision for income taxes
Total net gains on net investment hedges	1		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 AOCL	$	—	$	(1)

The cumulative amount of net investment hedge and cash flow hedge gains (losses) remaining in AOCL is as follows:


	Cumulative Gains/(Losses), net of tax
	September 30, 2020		December 31, 2019
Net investment hedges
Cross currency swaps	$	(40)	$	41
FX forwards	27		26
Long-term debt	(60)		(13)
Total net investment hedges	$	(73)	$	54
Cash flow hedges
Interest rate contracts	$	(51)	$	(2)
Cross currency swaps	2		2
Total cash flow hedges	(49)		—
Total net (loss) gain in AOCL	$	(122)	$	54

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



	Three Months Ended
	September 30, 2020										September 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 June 30,	$	(84)	$	(49)	$	(479)	$	70	$	(542)	$	(70)	$	—	$	(401)	$	25	$	(446)
Other comprehensive income/(loss) before reclassifications	(7)		—		186		(143)		36		—		—		(193)		102		(91)
Amounts reclassified from AOCL	2		—		—		—		2		1		—		—		(1)		—
Other comprehensive income/(loss)	(5)		—		186		(143)		38		1		—		(193)		101		(91)
Balance September 30,	$	(89)	$	(49)	$	(293)	$	(73)	$	(504)	$	(69)	$	—	$	(594)	$	126	$	(537)


	Nine Months Ended
	September 30, 2020										September 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	(1)		(50)		108		(127)		(70)		(1)		—		(188)		97		(92)
Amounts reclassified from AOCL	4		1		—		—		5		2		—		—		(1)		1
Adoption of ASU 2018-02	—		—		—		—		—		(17)		—		—		(3)		(20)
Other comprehensive income/(loss)	3		(49)		108		(127)		(65)		(16)		—		(188)		93		(111)
Balance September 30,	$	(89)	$	(49)	$	(293)	$	(73)	$	(504)	$	(69)	$	—	$	(594)	$	126	$	(537)