|
The following table presents changes in AOCI by component for 2019, 2018 and 2017:
|
(in millions) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
Beginning balance |
|
$ |
(691 |
) |
|
$ |
(432 |
) |
|
$ |
(716 |
) |
|
Foreign currency translation adjustments(1) |
|
|
120 |
|
|
|
(253 |
) |
|
|
284 |
|
|
Reclassification as a result of adoption of accounting guidance |
|
|
— |
|
|
|
(6 |
) |
|
|
— |
|
|
Ending balance |
|
$ |
(571 |
) |
|
$ |
(691 |
) |
|
$ |
(432 |
) |
|
(1) |
Amounts for 2019 and 2018 include gains from a net investment hedge of $11 million (net of tax expense of $3 million) and $30 million (net of tax expense of $10 million), respectively. Amount for 2017 includes a loss from a net investment hedge of $64 million (net of tax benefit of $38 million). |
|