v3.24.0.1
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

21. Accumulated Other Comprehensive Income (Loss)

The following table presents changes in AOCI for 2023, 2022 and 2021:

(in millions)

 

2023

 

 

2022

 

 

2021

 

 Beginning balance

 

$

(1,101

)

 

$

(550

)

 

$

(337

)

Foreign currency translation adjustments(1)

 

 

261

 

 

 

(551

)

 

 

(213

)

 Ending balance

 

$

(840

)

 

$

(1,101

)

 

$

(550

)
(1)
Amount for 2023 includes a loss from a net investment hedge of $20 million (net of tax benefit of $6 million). Amount for 2022 includes a gain from a net investment hedge of $37 million (net of tax expense of $12 million). Amount for 2021 includes a gain from a net investment hedge of $46 million (net of tax expense of $14 million).