Other Comprehensive (Loss) Income

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Other Comprehensive (Loss) Income

Other Comprehensive (Loss) Income

Other Comprehensive (Loss) Income is comprised of the following:

	Three Months Ended June 30,								Six Months Ended June 30,
	2024				2023				2024				2023
	Pre-tax		Net of Tax		Pre-tax		Net of Tax		Pre-tax		Net of Tax		Pre-tax		Net of Tax
Translation Adjustments (Losses) Gains	$	(20)	$	(20)	$	49	$	49	$	(52)	$	(52)	$	142	$	142
Unrealized (Losses) Gains
Changes in fair value of cash flow hedges losses	(5)		(3)		(13)		(11)		(8)		(6)		(15)		(13)
Changes in cash flow hedges reclassed to earnings(1)	4		3		7		6		7		5		12		12
Net Unrealized Losses	(1)		—		(6)		(5)		(1)		(1)		(3)		(1)
Defined Benefit Plans (Losses) Gains
Net actuarial/prior service losses	(13)		(10)		(27)		(20)		(5)		(4)		(20)		(15)
Prior service amortization(2)	—		—		(1)		—		(3)		(2)		(4)		(2)
Actuarial loss amortization/settlement(2)	22		17		11		8		45		34		18		13
Other (losses) gains(3)	(1)		(1)		(15)		(15)		14		14		(37)		(37)
Changes in Defined Benefit Plans Gains (Losses)	8		6		(32)		(27)		51		42		(43)		(41)
Other Comprehensive (Loss) Income	(13)		(14)		11		17		$	(2)	$	(11)	$	96	$	100

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(1)Reclassified to Cost of sales and interest expense - refer to Note 14 - Financial Instruments for additional information regarding our cash flow hedges.

(2)Reclassified to Total Net Periodic Benefit Cost - refer to Note 16 - Employee Benefit Plans for additional information.

(3)Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits in AOCL.

Accumulated Other Comprehensive Loss (AOCL)

AOCL is comprised of the following:

	June 30, 2024		December 31, 2023
Cumulative translation adjustments	$	(2,098)	$	(2,046)
Other unrealized losses, net	(4)		(3)
Benefit plans net actuarial losses and prior service credits	(1,585)		(1,627)
Total Accumulated Other Comprehensive Loss	$	(3,687)	$	(3,676)