Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The changes in each component of AOCI during the three years ended December 31, 2023, 2022 and 2021 were as follows (in millions):

	Unrealized (loss) gain on sales hedging		Foreign currency translation adjustments		Total
Balance at December 31, 2020	$	(28)	$	(41)	$	(69)
Other comprehensive income (loss) before reclassifications	55		(6)		49
Amounts reclassified from AOCI(1)	2		—		2
Tax effect	(11)		—		(11)
Other comprehensive income (loss), net of tax	46		(6)		40
Balance at December 31, 2021	18		(47)		(29)
Other comprehensive income (loss) before reclassifications	50		(8)		42
Amounts reclassified from AOCI(1)	(87)		—		(87)
Tax effect	8		—		8
Other comprehensive (loss), net of tax	(29)		(8)		(37)
Balance at December 31, 2022	(11)		(55)		(66)
Other comprehensive (loss) income before reclassifications	(7)		6		(1)
Amounts reclassified from AOCI(1)	15		—		15
Tax effect	(2)		—		(2)
Other comprehensive income, net of tax	6		6		12
Balance at December 31, 2023	$	(5)	$	(49)	$	(54)

(1) See Note 11, Derivative Instruments regarding timing of reclassifications to operating results.