Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides the components of AOCL for the nine months ended September 30, 2022:

(in millions)	Foreign Currency Translation		Post-retirement Benefit Plans		Derivative Instruments		Total
Balance at January 1, 2022	$	(101)	$	(268)	$	(2)	$	(371)
Foreign currency translation adjustment	(3)		—		—		(3)
Tax on foreign currency translation adjustment	(2)		—		—		(2)
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net	—		4		—		4
Income tax impact on amortization of post-retirement benefit plan items	—		(1)		—		(1)
Unrealized loss on derivative hedge agreements	—		—		(6)		(6)
Reclassification of unrealized gain on foreign exchange agreements into revenue	—		—		2		2
Balance at March 31, 2022	$	(106)	$	(265)	$	(6)	$	(377)
Foreign currency translation adjustment	(41)		—		—		(41)
Tax on foreign currency translation adjustment	(28)		—		—		(28)
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net	—		4		—		4
Income tax impact on amortization of post-retirement benefit plan items	—		(1)		—		(1)
Unrealized gain on derivative hedge agreements	—		—		(9)		(9)
Income tax benefit on unrealized gain on derivative hedge agreements	—		—		1		1
Reclassification of unrealized loss on foreign exchange agreements into revenue	—		—		2		2
Reclassification of unrealized loss on foreign exchange agreements into cost of revenue	—		—		1		1
Balance at June 30, 2022	$	(175)	$	(262)	$	(11)	$	(448)
Foreign currency translation adjustment	(74)		—		—		(74)
Tax on foreign currency translation adjustment	(28)		—		—		(28)
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net	—		3		—		3
U.K. pension settlement expense	—		137		—		137
Foreign currency translation adjustment for post-retirement benefit plans			46		—		46
Income tax impact on amortization of post-retirement benefit plan items and U.K. pension settlement expense	—		(35)		—		(35)
Unrealized loss on derivative hedge agreements	—		—		(8)		(8)
Reclassification of unrealized loss on foreign exchange agreements into revenue	—		—		6		6
Reclassification of unrealized loss on foreign exchange agreements into cost of revenue	—		—		2		2
Balance at September 30, 2022	$	(277)	$	(111)	$	(11)	$	(399)

The following table provides the components of AOCL for the nine months ended September 30, 2021:

(in millions)	Foreign Currency Translation		Post-retirement Benefit Plans		Derivative Instruments		Total
Balance at January 1, 2021	$	(86)	$	(330)	$	3	$	(413)
Foreign currency translation adjustment	10		—		—		10
Tax on foreign currency translation adjustment	(14)		—		—		(14)
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net	—		5		—		5
Income tax impact on amortization of post-retirement benefit plan items	—		(1)		—		(1)
Unrealized loss on derivative hedge agreements	—		—		(11)		(11)
Income tax benefit on unrealized loss on derivative hedge agreements	—		—		1		1
Reclassification of unrealized gain on foreign exchange agreements into revenue	—		—		(2)		(2)
Reclassification of unrealized gain on foreign exchange agreements into cost of revenue	—		—		(1)		(1)
Balance at March 31, 2021	$	(90)	$	(326)	$	(10)	$	(426)
Foreign currency translation adjustment	19		—		—		19
Tax on foreign currency translation adjustment	1		—		—		1
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net	—		5		—		5
Income tax impact on amortization of post-retirement benefit plan items	—		(2)		—		(2)
Unrealized gain on derivative hedge agreements	—		—		4		4
Reclassification of unrealized loss on foreign exchange agreements into revenue	—		—		1		1
Balance at June 30, 2021	$	(70)	$	(323)	$	(5)	$	(398)
Foreign currency translation adjustment	(19)		—		—		(19)
Tax on foreign currency translation adjustment	(10)		—		—		(10)
Amortization of prior service cost and net actuarial loss on post-retirement benefit plans into other non-operating income, net	—		5		—		5
Income tax impact on amortization of post-retirement benefit plan items	—		(1)		—		(1)
Unrealized gain on derivative hedge agreements	—		—		(1)		(1)
Reclassification of unrealized gain on foreign exchange agreements into revenue	—		—		2		2
Balance at September 30, 2021	$	(99)	$	(319)	$	(4)	$	(422)