v3.25.2
Accumulated other comprehensive income (loss)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accumulated other comprehensive income (loss) Accumulated other comprehensive income (loss)
The Company reports activity in AOCI for foreign currency translation adjustments and unrealized gains and losses on interest rate and foreign currency hedges. Activity within AOCI was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Foreign currency translation adjustments:
Balance at beginning of period$(272)$(210)$(330)$(149)
Foreign currency translation adjustments184 (12)248 (86)
Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests(20)2 (26)10 
Reallocation due to change in Noncontrolling interest ownership percentage— 1 — 6 
Balance at end of period$(108)$(219)$(108)$(219)
Derivatives:
Balance at beginning of period$41 $113 $57 $115 
Unrealized gain (loss) on foreign currency hedges and interest rate hedges3 10 3 39 
Net amount reclassified from AOCI to net income (loss)(19)(23)(38)(49)
Tax effect2 — 3 — 
Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests2 1 4 1 
Reallocation due to change in Noncontrolling interest ownership percentage— (1)— (6)
Balance at end of period$29 $100 $29 $100 
Accumulated other comprehensive income (loss)$(79)$(119)$(79)$(119)