Lineage Inc
For the period ended Jun 30, 2024. Filed Aug 21, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 21, 2024
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Accumulated other comprehensive income (loss)
(17)Accumulated other comprehensive income (loss)
The Company reports activity in Accumulated other comprehensive income (loss) (“AOCI”) for foreign currency translation adjustments and unrealized gains and losses on interest rate and foreign currency hedges. Activity within AOCI is as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in millions) | 2024 | 2023 | 2024 | 2023 |
| Foreign currency translation adjustments: | ||||
| Balance at beginning of period | $(210) | $(196) | $(149) | $(227) |
| Foreign currency translation adjustments | (12) | 19 | (86) | 49 |
| Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests | 2 | (2) | 10 | (5) |
| Reallocation due to change in Noncontrolling interest ownership percentage | 1 | (1) | 6 | 3 |
| Balance at end of period | $(219) | $(180) | $(219) | $(180) |
| Derivatives: | ||||
| Balance at beginning of period | $113 | $153 | $115 | $190 |
| Unrealized gain (loss) on foreign currency hedges | 10 | 50 | 39 | 34 |
| Net amount reclassified from AOCI to net income (loss) | (23) | (29) | (49) | (54) |
| Tax effect | — | (1) | — | 1 |
| Amounts allocated to Noncontrolling interests and Redeemable noncontrolling interests | 1 | (2) | 1 | 2 |
| Reallocation due to change in Noncontrolling interest ownership percentage | (1) | 1 | (6) | (1) |
| Balance at end of period | $100 | $172 | $100 | $172 |
| Accumulated other comprehensive income (loss) | $(119) | $(8) | $(119) | $(8) |
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