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(13) Other Comprehensive Earnings (Loss)
Accumulated other comprehensive earnings (loss) included in the Company’s consolidated balance sheets and consolidated statements of equityÌýreflect the aggregate of foreign currency translation adjustments, comprehensive earnings (loss) attributable to debt credit risk adjustments and the Company's share of accumulated other comprehensive earnings of affiliates.
The change in the components of accumulated other comprehensive earnings (loss), net of taxes ("AOCI"), is summarized as follows:
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ÌýÌýÌýÌý |
​ |
​ |
​ |
​ |
ÌýÌýÌýÌý |
Comprehensive |
​ |
​ |
​ |
ÌýÌýÌýÌý |
Ìý |
​ |
​ |
Foreign |
ÌýÌýÌýÌý |
ShareÌýof |
​ |
Earnings (loss) |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
currency |
​ |
AOCI |
​ |
Attributable to |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
translation |
​ |
ofÌýequity |
​ |
Debt Credit Risk |
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​ |
​ |
​ |
Ìý |
​ |
​ |
adjustments |
​ |
affiliates |
​ |
Adjustments |
​ |
Other |
​ |
AOCI |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Balance at January 1, 2020 |
​ |
$ |
(181) |
Ìý |
(5) |
Ìý |
40 |
​ |
91 |
Ìý |
(55) |
​ |
Other comprehensive earnings (loss) attributable to jvidÊÓƵ. stockholders |
​ |
Ìý |
111 |
​ |
— |
​ |
17 |
​ |
(1) |
​ |
127 |
​ |
Balance at December 31, 2020 |
​ |
​ |
(70) |
Ìý |
(5) |
Ìý |
57 |
​ |
90 |
Ìý |
72 |
​ |
Other comprehensive earnings (loss) attributable to jvidÊÓƵ. stockholders |
​ |
​ |
(113) |
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— |
​ |
(36) |
​ |
(2) |
​ |
(151) |
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Balance at December 31, 2021 |
​ |
$ |
(183) |
Ìý |
(5) |
Ìý |
21 |
​ |
88 |
Ìý |
(79) |
​ |
Other comprehensive earnings (loss) attributable to jvidÊÓƵ. stockholders |
​ |
​ |
(166) |
​ |
— |
​ |
277 |
​ |
(14) |
​ |
97 |
​ |
Balance at December 31, 2022 |
​ |
$ |
(349) |
Ìý |
(5) |
Ìý |
298 |
​ |
74 |
Ìý |
18 |
​ |
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The components of other comprehensive earnings (loss) are reflected in jvidÊÓƵ's consolidated statements of comprehensive earnings (loss) net of taxes. ÌýThe following table summarizes the tax effects related to each component of other comprehensive earnings (loss).
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ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Tax |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
Ìý |
​ |
​ |
Before-tax |
​ |
(expense) |
​ |
Net-of-tax |
Ìý |
​ |
​ |
amount |
​ |
benefit |
​ |
amount |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Year ended December 31, 2022: |
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​ |
​ |
​ |
​ |
​ |
​ |
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Foreign currency translation adjustments |
​ |
$ |
(185) |
Ìý |
3 |
Ìý |
(182) |
​ |
Recognition of previously unrealized losses (gains) on debt, net |
​ |
Ìý |
(18) |
Ìý |
4 |
Ìý |
(14) |
​ |
Comprehensive earnings (loss) attributable to debt credit risk adjustments |
​ |
​ |
365 |
​ |
(88) |
​ |
277 |
​ |
Other comprehensive earnings (loss) |
​ |
$ |
162 |
Ìý |
(81) |
Ìý |
81 |
​ |
Year ended December 31, 2021: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Ìý |
Foreign currency translation adjustments |
​ |
$ |
(124) |
Ìý |
(4) |
Ìý |
(128) |
​ |
Recognition of previously unrealized losses (gains) on debt, net |
​ |
​ |
(3) |
Ìý |
2 |
Ìý |
(1) |
​ |
Comprehensive earnings (loss) attributable to debt credit risk adjustments |
​ |
Ìý |
(42) |
​ |
6 |
​ |
(36) |
​ |
Other comprehensive earnings (loss) |
​ |
$ |
(169) |
Ìý |
4 |
Ìý |
(165) |
​ |
Year ended December 31, 2020: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Foreign currency translation adjustments |
​ |
$ |
115 |
Ìý |
3 |
Ìý |
118 |
​ |
Recognition of previously unrealized losses (gains) on debt, net |
​ |
​ |
(1) |
Ìý |
— |
Ìý |
(1) |
​ |
Comprehensive earnings (loss) attributable to debt credit risk adjustments |
​ |
Ìý |
22 |
​ |
(5) |
​ |
17 |
​ |
Other comprehensive earnings (loss) |
​ |
$ |
136 |
Ìý |
(2) |
Ìý |
134 |
​ |
​
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