v3.25.4
Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The changes in the components of accumulated other comprehensive loss, net of taxes, were as follows:

Currency Translation Adjustment(1)
Pension Liability Adjustment(2)
Cash Flow Hedge Adjustment(3)
Total
(in millions)
Balance as of December 31, 2022$(548)$(259)$101 $(706)
Other comprehensive income (loss) before reclassifications
(11)
Amounts reclassified from accumulated other comprehensive loss
— (40)(32)
Net other comprehensive income (loss) for the period
(3)(31)(25)
Balance as of December 31, 2023(539)(262)70 (731)
Other comprehensive income (loss) before reclassifications
(54)30 (20)
Amounts reclassified from accumulated other comprehensive loss
18 (51)(31)
Net other comprehensive income (loss) for the period
(52)22 (21)(51)
Balance as of December 31, 2024(591)(240)49 (782)
Other comprehensive income (loss) before reclassifications
83 (7)(12)64 
Amounts reclassified from accumulated other comprehensive loss
24 (36)(11)
Net other comprehensive income (loss) for the period
84 17 (48)53 
Balance as of December 31, 2025$(507)$(223)$$(729)
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(1)Includes net investment hedge gains and intra-entity foreign currency transactions that are of a long-term investment nature. Amounts reclassified relate to the liquidation of investments in foreign entities which were recognized in loss on foreign currency transactions in our consolidated statements of operations during the years ended December 31, 2025 and 2024.
(2)Amounts reclassified for the years ended December 31, 2025 and 2024 include losses for the full or partial settlement of certain pension plans and were recognized in other non-operating income (loss), net in our consolidated statements of operations. Amounts reclassified for all periods relate to the amortization of prior service cost and amortization of net loss and were recognized in other non-operating income (loss), net in our consolidated statements of operations.
(3)Amounts reclassified for all periods were primarily the result of our interest rate swaps that hedge our exposure to changes in SOFR, and, for the year ended December 31, 2023, was inclusive of an interest rate swap that was dedesignated in a prior period, with the related amounts recognized in interest expense in our consolidated statements of operations. Amounts reclassified also related to foreign currency forward contracts that hedge our foreign currency denominated fees, with related amounts recognized in various revenue line items, as applicable, in our consolidated statements of operations.