v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) – NET
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) – NET ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) – NET
Changes in Accumulated other comprehensive income (loss) - net by component were as follows.

For the three months ended March 31, 2025
Currency translation adjustments(1)
Pension and Other Postretirement Plans
Cash flow hedgesTotal AOCI
December 31, 2024$(1,973)$576 $18 $(1,379)
Other comprehensive income (loss) before reclassifications – net of taxes of $15, $5, and $3
194 (20)(11)163 
Reclassifications from AOCI – net of taxes(2)(3) of $—, $16, and $—
63 (49)3 17 
Other comprehensive income (loss)
257 (69)(8)180 
Less: Other comprehensive income (loss) attributable to noncontrolling interests
— — — — 
March 31, 2025$(1,717)$507 $10 $(1,199)
For the three months ended March 31, 2024
Currency translation adjustments(1)
Pension and Other Postretirement Plans
Cash flow hedgesTotal AOCI
December 31, 2023$(1,706)$1,033 $(18)$(691)
Other comprehensive income (loss) before reclassifications – net of taxes of $(7), $(1), and $(4)
(76)2 15 (58)
Reclassifications from AOCI – net of taxes(2) of $—, $12, and $—
— (38)— (37)
Other comprehensive income (loss)
(76)(35)16 (95)
Less: Other comprehensive income (loss) attributable to noncontrolling interests— — — — 
March 31, 2024$(1,781)$997 $(2)$(787)
(1) The amount of Currency translation adjustments recognized in Other comprehensive income (loss) (“OCI”) during the three months ended March 31, 2025 and 2024 included net gains (losses) relating to net investment hedges, as further discussed in Note 12, “Financial Instruments and Fair Value Measurements.”
(2) Reclassifications from AOCI into earnings for Pension and Other Postretirement Plans are recognized within Non-operating benefit (income) costs, while Cash flow hedges are recognized within Cost of products and Cost of services in our Condensed Consolidated Statements of Income.
(3) Includes net of tax impact of $63 million to Currency translation adjustments and $8 million to Pension and Other Postretirement Plans related to the derecognition of the prior NMP equity method investment. Refer to Note 7, “Acquisitions, Goodwill, and Other Intangible Assets” for additional information on the NMP acquisition.