Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive (Loss)/Income

v3.21.2
Accumulated Other Comprehensive (Loss)/Income
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Accumulated Other Comprehensive (Loss)/Income Accumulated Other Comprehensive (Loss)/Income
The components of accumulated other comprehensive loss are as follows (in millions):
Foreign Unrealized Defined Accumulated
Currency (Losses)/Gains Benefit Other
Translation on Cash Flow Pension Comprehensive
Pretax Adjustments Hedges Plans (Loss)/Income
 Balance, December 31, 2020 $ (113) $ (1) $ —  $ (114)
 Other comprehensive loss (27) —  —  (27)
 Balance, September 30, 2021 $ (140) $ (1) $ —  $ (141)
Tax
 Balance, December 31, 2020 $ 97  $ $ —  $ 98 
 Other comprehensive loss —  — 
 Balance, September 30, 2021 $ 98  $ $ —  $ 99 
Net of Tax
 Balance, December 31, 2020 $ (16) $ —  $ —  $ (16)
 Other comprehensive loss (26) —  —  (26)
 Balance, September 30, 2021 $ (42) $ —  $ —  $ (42)
Foreign Unrealized Defined Accumulated
Currency (Losses)/Gains Benefit Other
Translation on Cash Flow Pension Comprehensive
Pretax Adjustments Hedges Plans (Loss)/Income
 Balance, December 31, 2019 $ (148) $ (1) $ $ (148)
 Other comprehensive loss (6) —  —  (6)
 Balance, September 30, 2020 $ (154) $ (1) $ $ (154)
Tax
 Balance, December 31, 2019 $ 95  $ $ —  $ 96 
 Other comprehensive income —  — 
 Balance, September 30, 2020 $ 97  $ $ —  $ 98 
Net of Tax
 Balance, December 31, 2019 $ (53) $ —  $ $ (52)
 Other comprehensive loss (4) —  —  (4)
 Balance, September 30, 2020 $ (57) $ —  $ $ (56)

Currency translation adjustments exclude income taxes related to investments in foreign subsidiaries where the Company intends to reinvest the undistributed earnings indefinitely in those foreign operations.

There were no reclassifications out of AOCL for the nine months ended September 30, 2021 or 2020.