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ACCUMULATED OTHER COMPREHENSIVE LOSS
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS
Accumulated other comprehensive loss as of December 31, 2019 and 2018 consists of:
(in millions)
 
2019
 
2018
Foreign currency translation adjustment
 
$
(2,046
)
 
$
(2,111
)
Pension adjustment, net of tax
 
(40
)
 
(26
)
 
 
$
(2,086
)
 
$
(2,137
)

Income taxes are not provided for foreign currency translation adjustments arising on the translation of the Company’s operations having a functional currency other than the U.S. dollar, except to the extent of translation adjustments related to the Company’s retained earnings for foreign jurisdictions in which the Company is not considered to be permanently reinvested.