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(15)Other Comprehensive Earnings (Loss)
Accumulated other comprehensive earnings (loss) included in 鶹app’s consolidated balance sheets and consolidated statements of equity reflect the aggregate of foreign currency translation adjustments, unrealized holding gains and losses on debt and equity securities and 鶹app’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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Foreign |
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currency |
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translation |
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adjustment |
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Other |
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AOCI |
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amountsinmillions |
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Balance at January 1, 2022 |
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$ |
(11) |
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6 |
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(5) |
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Other comprehensive earnings (loss) attributable to 鶹app stockholders |
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(65) |
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31 |
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(34) |
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Balance at December31, 2022 |
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(76) |
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37 |
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(39) |
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Other comprehensive earnings (loss) attributable to 鶹app stockholders |
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19 |
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32 |
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51 |
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Balance at December31, 2023 |
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(57) |
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69 |
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12 |
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Other comprehensive earnings (loss) attributable to 鶹app stockholders |
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(16) |
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(180) |
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(196) |
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Split-Off of 鶹app Sirius XM Holdings |
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31 |
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— |
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31 |
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Balance at December31, 2024 |
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$ |
(42) |
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(111) |
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(153) |
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The components of other comprehensive earnings (loss) are reflected in 鶹app’s consolidated statements of comprehensive earnings (loss) net of taxes. The following table summarizes the tax effects related to each component of other comprehensive earnings (loss).
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Tax |
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Before-tax |
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(expense) |
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Net-of-tax |
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amount |
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benefit |
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amount |
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amountsinmillions |
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Year ended December31, 2024: |
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Credit risk on fair value debt instruments gains (losses) |
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$ |
(84) |
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18 |
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(66) |
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Foreign currency translation adjustments |
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(118) |
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25 |
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(93) |
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Recognition of previously unrealized (gains) losses on debt |
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1 |
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— |
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1 |
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Other comprehensive earnings (loss) from continuing operations |
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$ |
(201) |
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43 |
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(158) |
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Year ended December31, 2023: |
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Credit risk on fair value debt instruments gains (losses) |
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$ |
24 |
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(5) |
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19 |
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Foreign currency translation adjustments |
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47 |
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(10) |
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37 |
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Recognition of previously unrealized (gains) losses on debt |
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27 |
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(6) |
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21 |
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Other comprehensive earnings (loss) from continuing operations |
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$ |
98 |
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(21) |
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77 |
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Year ended December31, 2022: |
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Unrealized holding gains (losses) arising during period |
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$ |
23 |
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(5) |
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18 |
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Credit risk on fair value debt instruments gains (losses) |
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(8) |
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2 |
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(6) |
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Foreign currency translation adjustments |
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(34) |
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7 |
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(27) |
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Recognition of previously unrealized (gains) losses on debt |
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(24) |
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5 |
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(19) |
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Other comprehensive earnings (loss) from continuing operations |
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$ |
(43) |
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9 |
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(34) |
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