MARRIOTT INTERNATIONAL INC MD
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
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Accumulated Other Comprehensive Loss
NOTE 13. ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table details the accumulated other comprehensive loss activity for 2023, 2022, and 2021:
| (in millions) | Foreign Currency Translation Adjustments | Other Adjustments | Accumulated Other Comprehensive Loss |
|---|---|---|---|
| Balance at year-end 2020 | $(139) | $4 | $(135) |
| Other comprehensive (loss) income before reclassifications (1) | (212) | 5 | (207) |
| Reclassification adjustments | — | — | — |
| Net other comprehensive (loss) income | (212) | 5 | (207) |
| Balance at year-end 2021 | $(351) | $9 | $(342) |
| Other comprehensive (loss) income before reclassifications (1) | (390) | 11 | (379) |
| Reclassification adjustments | 1 | (9) | (8) |
| Net other comprehensive (loss) income | (389) | 2 | (387) |
| Balance at year-end 2022 | $(740) | $11 | $(729) |
| Other comprehensive income (loss) before reclassifications (1) | 89 | (4) | 85 |
| Reclassification adjustments | (3) | — | (3) |
| Net other comprehensive income (loss) | 86 | (4) | 82 |
| Balance at year-end 2023 | $(654) | $7 | $(647) |
(1)Other comprehensive income (loss) before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in (losses)/gains of $(28) million for 2023, $32 million for 2022, and $40 million for 2021.
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