ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables summarize the activity within accumulated other comprehensive loss during the three months ended March 31, 2024 and 2023:

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, December 31, 2023	$	(719)	$	28	$	(137)	$	(828)
Comprehensive (loss) income before reclassifications	(52)		8		6		(38)
Income taxes associated with comprehensive (loss) income before reclassifications	(14)		—		—		(14)
Reclassification from accumulated other comprehensive loss	—		—		(2)		(2)
Income taxes associated with comprehensive income (loss) reclassified into net earnings	—		—		(1)		(1)
Ending balance, March 31, 2024	$	(785)	$	36	$	(134)	$	(883)

(in millions)	Foreign currency translation adjustments		Hedge instruments		Defined benefit retirement plans		Total
Beginning balance, December 31, 2022	$	(750)	$	4	$	(130)	$	(876)
Comprehensive (loss) income before reclassifications	34		14		(2)		46
Income taxes associated with comprehensive (loss) income before reclassifications	5		—		—		5
Reclassification from accumulated other comprehensive loss	—		—		1		1
Ending balance, March 31, 2023	$	(711)	$	18	$	(131)	$	(824)