COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2023

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


	Three Months Ended September 30,				Location in the consolidated statements of operations
Losses on cash flow hedges	2023		2022




Interest rate contract	(1)		(1)		Other non-operating income, net
Income tax effect of item above	—		1		Provision for income taxes
Total net losses on cash flow hedges	(1)		—




Pension and other retirement benefits
Amortization of actuarial gains/prior service credits and settlement credit included in net income	1		(1)		Other non-operating income, net



Total pension and other retirement benefits	1		(1)
Total net losses included in Net Income attributable to reclassifications out of AOCL	$	—	$	(1)



	Nine Months Ended September 30,				Location in the consolidated statements of operations
Losses on currency translation adjustments	2023		2022
Foreign currency translation adjustments - reclassification of losses included in net income	$	—	$	(20)	Other non-operating income, net
Total losses on currency translation adjustments	—		(20)
Losses on cash flow hedges

Interest rate contract	(2)		(2)		Other non-operating income, net
Income tax effect of item above	1		1		Provision for income taxes
Total net losses on cash flow hedges	(1)		(1)




Pension and other retirement benefits
Amortization of actuarial gains/prior service credits and settlement credit included in net income	3		(2)		Other non-operating income, net

Income tax effect of item above	(1)		—		Provision for income taxes
Total pension and other retirement benefits	2		(2)
Total net gains (losses) included in Net Income attributable to reclassifications out of AOCL	$	1	$	(23)

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



	Three Months Ended September 30,
	2023										2022
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 at June 30,	$	(48)	$	(45)	$	(577)	$	100	$	(570)	$	(46)	$	(46)	$	(756)	$	249	$	(599)
Other comprehensive income/(loss) before reclassifications	1		—		(176)		93		(82)		—		—		(343)		193		(150)
Amounts reclassified from AOCL	(1)		1		—		—		—		1		—		—		—		1
Other comprehensive income/(loss)	—		1		(176)		93		(82)		1		—		(343)		193		(149)
Balance at September 30,	$	(48)	$	(44)	$	(753)	$	193	$	(652)	$	(45)	$	(46)	$	(1,099)	$	442	$	(748)


	Nine Months Ended September 30,
	2023										2022
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 at December 31,	$	(47)	$	(45)	$	(736)	$	185	$	(643)	$	(49)	$	(47)	$	(335)	$	21	$	(410)
Other comprehensive income/(loss) before reclassifications	1		—		(17)		8		(8)		2		—		(784)		421		(361)
Amounts reclassified from AOCL	(2)		1		—		—		(1)		2		1		20		—		23

Other comprehensive income/(loss)	(1)		1		(17)		8		(9)		4		1		(764)		421		(338)
Balance at September 30,	$	(48)	$	(44)	$	(753)	$	193	$	(652)	$	(45)	$	(46)	$	(1,099)	$	442	$	(748)