v3.26.1
Accumulated other comprehensive income (loss)
 3 Months Ended
Mar. 31, 2026
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 March 31,
(in millions)20262025
Foreign currency translation adjustments:
Balance at beginning of period$(99)$(330)
Foreign currency translation adjustments(33)64 
Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests4 (6)
Balance at end of period$(128)$(272)
Derivatives:
Balance at beginning of period$2 $57 
Unrealized gain (loss) on interest rate hedges and foreign currency hedges7 — 
Net amount reclassified from AOCI to net income (loss)(2)(19)
Tax effect— 1 
Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests(1)2 
Balance at end of period$6 $41 
Accumulated other comprehensive income (loss)$(122)$(231)