|
The following table presents changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018:
|
|
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. |
|