v3.26.1
Accumulated other comprehensive income (loss)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
(in millions)2026202520262025
Foreign currency translation adjustments:
Balance at beginning of period$(128)$(272)$(99)$(330)
Foreign currency translation adjustments(31)184 (64)248 
Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests3 (20)7 (26)
Balance at end of period$(156)$(108)$(156)$(108)
Derivatives:
Balance at beginning of period$6 $41 $2 $57 
Unrealized gain (loss) on interest rate hedges and foreign currency hedges9 3 16 3 
Net amount reclassified from AOCI to net income (loss)(2)(19)(4)(38)
Tax effect(1)2 (1)3 
Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests— 2 (1)4 
Balance at end of period$12 $29 $12 $29 
Accumulated other comprehensive income (loss)$(144)$(79)$(144)$(79)