ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated other comprehensive loss consists of:


(in millions)	March 31, 2021		December 31, 2020
Foreign currency translation adjustment	$	(2,201)	$	(2,077)
Pension and postretirement benefit plan adjustments, net of income taxes	(55)		(56)
	$	(2,256)	$	(2,133)

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.

During the three months ended March 31, 2021, amounts reclassified from Accumulated other comprehensive loss into the Company's operating results were not material.