MARRIOTT INTERNATIONAL INC MD
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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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 2024, 2023, and 2022:
| (in millions) | Foreign Currency Translation Adjustments | Other Adjustments | Accumulated Other Comprehensive Loss |
|---|---|---|---|
| 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) |
| Other comprehensive income (loss) before reclassifications (1) | (437) | 25 | (412) |
| Reclassification adjustments | — | (4) | (4) |
| Net other comprehensive income (loss) | (437) | 21 | (416) |
| Balance at year-end 2024 | $(1,091) | $28 | $(1,063) |
(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 gains (losses) of $30 million for 2024, $(28) million for 2023, and $32 million for 2022.
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