v3.25.2
Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

20. Accumulated Other Comprehensive Income (Loss)

The following table presents changes in AOCI for the three and six months ended June 30, 2025 and 2024:

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 (in millions)

2025

 

 

2024

 

 

2025

 

 

2024

 

 Beginning balance

$

(951

)

 

$

(933

)

 

$

(1,178

)

 

$

(840

)

Foreign currency translation adjustments(1)

 

436

 

 

 

(45

)

 

 

663

 

 

 

(138

)

 Ending balance

$

(515

)

 

$

(978

)

 

$

(515

)

 

$

(978

)

 

(1)
Amounts for the three months ended June 30, 2025 and 2024 include a loss from a net investment hedge of $62 million (net of tax benefit of $19 million) and a gain from a net investment hedge of $4 million (net of tax expense of $1 million), respectively. Amounts for the six months ended June 30, 2025 and 2024 include a loss from a net investment hedge of $96 million (net of tax benefit of $30 million) and a gain from a net investment hedge of $18 million (net of tax expense of $5 million), respectively.