v3.20.4
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

22. Accumulated Other Comprehensive Income (Loss)

The following table presents changes in AOCI by component for 2020, 2019 and 2018:

 

(in millions)

 

2020

 

 

2019

 

 

2018

 

Beginning balance

 

$

(571

)

 

$

(691

)

 

$

(432

)

Foreign currency translation adjustments(1)

 

 

234

 

 

 

120

 

 

 

(253

)

Reclassification as a result of adoption of accounting guidance

 

 

—

 

 

 

—

 

 

 

(6

)

Ending balance

 

$

(337

)

 

$

(571

)

 

$

(691

)

 

(1)

Amount for 2020 includes a loss from a net investment hedge of $54 million (net of tax benefit of $17 million). 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.