CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (Tables)

6 Months Ended

Jun. 30, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Changes in the Balances of Accumulated Other Comprehensive Loss

The tables below present the changes in the balances of accumulated other comprehensive loss ("AOCI") by component for the three and six months ended June 30, 2023 and 2022 (in millions): 

	Foreign currency translation adjustments										Net unrealized (losses) gains on available-for-sale securities						Total AOCI, net of tax
	Foreign currency translation				Net investment hedges (1)				Total, net of tax		Before tax		Tax		Total, net of tax
	Before tax		Tax (2)		Before tax		Tax
Three Months Ended June 30, 2023
Balance, March 31, 2023	$	(474)	$	72	$	197	$	(54)	$	(259)	$	(10)	$	2	$	(8)	$	(267)
Other comprehensive income (loss) ("OCI") for the period	(2)		4		(34)		8		(24)		(1)		1		—		(24)
Balance, June 30, 2023	$	(476)	$	76	$	163	$	(46)	$	(283)	$	(11)	$	3	$	(8)	$	(291)
Six Months Ended June 30, 2023
Balance, December 31, 2022	$	(579)	$	93	$	310	$	(81)	$	(257)	$	(13)	$	3	$	(10)	$	(267)
OCI for the period	103		(17)		(147)		35		(26)		2		—		2		(24)
Balance, June 30, 2023	$	(476)	$	76	$	163	$	(46)	$	(283)	$	(11)	$	3	$	(8)	$	(291)

Three Months Ended June 30, 2022
Balance, March 31, 2022	$	(411)	$	74	$	208	$	(55)	$	(184)	$	2	$	(1)	$	1	$	(183)
OCI for the period	(306)		38		262		(64)		(70)		1		—		1		(69)
Balance, June 30, 2022	$	(717)	$	112	$	470	$	(119)	$	(254)	$	3	$	(1)	$	2	$	(252)
Six Months Ended June 30, 2022
Balance, December 31, 2021	$	(276)	$	67	$	91	$	(28)	$	(146)	$	3	$	(1)	$	2	$	(144)
OCI for the period	(441)		45		379		(91)		(108)		—		—		—		(108)
Balance, June 30, 2022	$	(717)	$	112	$	470	$	(119)	$	(254)	$	3	$	(1)	$	2	$	(252)

(1)    Net investment hedges balance at June 30, 2023 and earlier dates presented above, includes accumulated net losses from fair value adjustments of $35 million ($53 million before tax) associated with previously settled derivatives that were designated as net investment hedges. The remaining balances relate to foreign currency transaction gains (losses) and related tax benefits (expenses) associated with the Company's Euro-denominated debt that is designated as a hedge of the foreign currency exposure of the net investment in certain Euro functional currency subsidiaries (see Note 9).

(2)    The tax benefits relate to foreign currency translation adjustments to the Company's one-time deemed repatriation tax liability recorded at December 31, 2017 and foreign earnings for periods after December 31, 2017 that are subject to U.S. federal and state income tax, resulting from the enactment of the U.S. Tax Cuts and Jobs Act (the "Tax Act").