OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2023

The following table presents the changes in AOCI, net of tax, reported in the consolidated and combined financial statements:


In millions	2023		2022		2021
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$	(76)	$	(80)	$	(48)
Other comprehensive income (loss) before reclassifications	(2)		4		(3)
Pension plan transfer from Parent	—		—		(30)
Amounts reclassified from accumulated other comprehensive income	1		—		1
Balance at end of period	(77)		(76)		(80)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(1,288)		(1,719)		(1,433)
Transfer from Parent	—		—		(113)
Disposal of business	—		375		—
Other comprehensive income (loss) before reclassifications	91		56		(173)
Balance at end of period	(1,197)		(1,288)		(1,719)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period	26		(2)		1
Other comprehensive income (loss) before reclassifications	19		41		(2)
Amounts reclassified from accumulated other comprehensive income	(27)		(13)		(1)
Balance at end of period	18		26		(2)
Total Accumulated Other Comprehensive Income (Loss) at End of Period	$	(1,256)	$	(1,338)	$	(1,801)