Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Changes in accumulated other comprehensive loss by component, net of income taxes

Changes in accumulated other comprehensive loss by component, net of income taxes, consisted of the following:

	Three Months Ended September 30, 2022
(In millions)	Cash Flow Hedges		Foreign Currency Translation		Pension Plans		Total
Balance at June 30, 2022	$	(107)	$	(933)	$	35	$	(1,005)
Other comprehensive income (loss) before reclassifications	(4)		(591)		1		(594)
Amounts reclassified from accumulated other comprehensive loss	4		56		—		60
Net current-period other comprehensive loss	—		(535)		1		(534)
Balance at September 30, 2022	$	(107)	$	(1,468)	$	36	$	(1,539)

	Three Months Ended September 30, 2021
(In millions)	Cash Flow Hedges		Foreign Currency Translation		Pension Plans		Total
Balance at June 30, 2021	$	(116)	$	(196)	$	(11)	$	(323)
Other comprehensive income (loss) before reclassifications	3		(331)		—		(328)
Amounts reclassified from accumulated other comprehensive loss	2		—		—		2
Net current-period other comprehensive income (loss)	5		(331)		—		(326)
Balance at September 30, 2021	$	(111)	$	(527)	$	(11)	$	(649)

	Nine Months Ended September 30, 2022
(In millions)	Cash Flow Hedges		Foreign Currency Translation		Pension Plans		Total
Balance at December 31, 2021	$	(107)	$	(676)	$	38	$	(745)
Other comprehensive loss before reclassifications	(11)		(848)		(2)		(861)
Amounts reclassified from accumulated other comprehensive loss	11		56		—		67
Net current-period other comprehensive loss	—		(792)		(2)		(794)
Balance at September 30, 2022	$	(107)	$	(1,468)	$	36	$	(1,539)

	Nine Months Ended September 30, 2021
(In millions)	Cash Flow Hedges		Foreign Currency Translation		Pension Plans		Total
Balance at December 31, 2020	$	(121)	$	(254)	$	(12)	$	(387)
Other comprehensive income (loss) before reclassifications	4		(273)		1		(268)
Amounts reclassified from accumulated other comprehensive loss	6		—		—		6
Net current-period other comprehensive income (loss)	10		(273)		1		(262)
Balance at September 30, 2021	$	(111)	$	(527)	$	(11)	$	(649)

Disclosure of derivative terms

The following table outlines the terms of the Company’s cross-currency rate swap contracts at September 30, 2022:

Effective Date of Contract	Maturity Date of Contract	Notional Amount (EUR)		Fixed Rate Paid (EUR)		Fixed Rate Received (USD)
September 1, 2022	June 1, 2025	80	million	2.096	%	3.85	%
September 15, 2022	July 1, 2026	80	million	1.635	%	3.20	%

Schedule of net investment hedges in accumulated other comprehensive income (loss)

Foreign currency transaction gains related to net investment hedges that were recorded in other comprehensive loss in the consolidated statements of comprehensive income (loss) were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Cross-currency rate swap contracts	$	2	$	—	$	2	$	—
Foreign currency-denominated debt	265		71		513		77