Three Months Ended

Six Months Ended

June 30,

June 30,

(in millions)

2019

2018

2019

2018

Beginning balance

$

(623

)

$

(301

)

$

(691

)

$

(432

)

Foreign currency translation adjustments⁽¹⁾

(41

)

(274

)

27

(137

)

Reclassification as a result of adoption of

   accounting guidance

—

—

—

(6

)

Ending balance

$

(664

)

$

(575

)

$

(664

)

$

(575

)

⁽¹⁾

Amounts for the three months ended June 30, 2019 and 2018 include a loss from a net investment hedge of $8 million (net of tax benefit of $2 million) and a gain of $34 million (net of tax of $11 million), respectively. Amounts for the six months ended June 30, 2019 and 2018 include gains from a net investment hedge of $3 million (net of tax of $1 million) and $18 million (net of tax of $6 million), respectively.