COMPREHENSIVE LOSS (Tables)

6 Months Ended

Jun. 30, 2025

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated other comprehensive income (loss) (“AOCI”), net of tax, by component for the six months ended June 30, 2025 and 2024 were as follows:



(in millions)						Foreign Currency Translation Gain (Loss)						Gain (Loss) on Cash Flow Hedges						Gain (Loss) on Net Investment and Fair Value Hedges												Pension Liability Gain (Loss)						Total

Balance, net of tax, at December 31, 2024						$	(619)					$	(10)					$	(70)											$	(31)					$	(730)
Other comprehensive (loss) income before reclassifications and tax impact						75						—						(21)												—						54
Tax expense						12						—						5												—						17
Other comprehensive income (loss), net of tax, before reclassifications						87						—						(16)												—						71
Amounts reclassified from accumulated other comprehensive income (loss), net of tax						—						—						—												—						—
Net increase (decrease) in other comprehensive loss						87						—						(16)												—						71


Balance, net of tax, at March 31, 2025						$	(532)					$	(10)					$	(86)											$	(31)					$	(659)
Other comprehensive (loss) before reclassifications and tax impact						75						—						(115)												—						(40)
Tax expense						31						—						27												—						58
Other comprehensive income (loss) before reclassifications and tax impact						106						—						(88)												—						18
Amounts reclassified from accumulated other comprehensive income (loss), net of tax						—						—						—												—						—
Net increase (decrease) in other comprehensive loss						106						—						(88)												—						18


Balance, net of tax, at June 30, 2025						$	(426)					$	(10)					$	(174)											$	(31)					$	(641)


(in millions)						Foreign Currency Translation Gain (Loss)						Gain (Loss) on Cash Flow Hedges						Gain (Loss) on Net Investment and Fair Value Hedges												Pension Liability Gain (Loss)						Total

Balance, net of tax, at December 31, 2023						$	(473)					$	(13)					$	(107)											$	(43)					$	(636)
Other comprehensive income (loss) before reclassifications and tax impact						(34)						—						42												—						8
Tax benefit						(28)						—						(10)												—						(38)
Other comprehensive income (loss), net of tax, before reclassifications						(62)						—						32												—						(30)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax						—						—						—												—						—
Net (decrease) increase in other comprehensive loss						(62)						—						32												—						(30)
Balance, net of tax, at March 31, 2024						$	(535)					$	(13)					$	(75)											$	(43)					$	(666)
Other comprehensive loss before reclassifications and tax impact						(14)						—						(2)												—						(16)
Tax expense						4						—						1												—						5
Other comprehensive loss, net of tax, before reclassifications						(10)						—						(1)												—						(11)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax						—						—						—												—						—
Net (decrease) increase in other comprehensive loss						(10)						—						(1)												—						(11)

Balance, net of tax, at June 30, 2024						$	(545)					$	(13)					$	(76)											$	(43)					$	(677)