v3.25.2
Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component
The changes in AOCI by component are set forth below:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(Dollars in millions)
Foreign Exchange Translation Adjustment
   Balance at beginning of period$(56)$(39)$(27)$(57)
   Other comprehensive (loss) income before
     reclassifications		(59)5 (88)23 
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— — — — 
   Amounts reclassified from AOCI— (5)— (5)
   Balance at end of period(115)(39)(115)(39)
Pension Adjustments
   Balance at beginning of period(15)(19)(15)(20)
   Other comprehensive income (loss) before
    reclassifications		— 2 — 3 
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— — — — 
   Balance at end of period(15)(17)(15)(17)
Changes in Fair Value of Effective Cash Flow Hedges
   Balance at beginning of period(8)1 (10)(2)
   Other comprehensive (loss) income before
     reclassifications		29 8 46 24 
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		24 (2)26 (6)
   Amounts reclassified from AOCI(41)(7)(60)(18)
   Income taxes associated with reclassifications from AOCI5 (1)7 1 
   Balance at end of period9 (1)9 (1)
Changes in Fair Value of Net Investment Hedges
   Balance at beginning of period90 95 125 76 
   Other comprehensive (loss) income before
     reclassifications		(133)10 (177)33 
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		5 (2)14 (6)
   Balance at end of period(38)103 (38)103 
Accumulated other comprehensive (loss) income, end of
  period		$(159)$46 $(159)$46 
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications from AOCI to income were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(Dollars in millions)
Foreign Exchange Translation Adjustment
Reclassification adjustments recognized in income (1)
$— $(5)$— $(5)
     Amounts reclassified from AOCI— (5)— (5)
Changes in Fair Value of Effective Cash Flow Hedges
Reclassification forward currency exchange contracts to
  Cost of goods sold		$— $(2)$— $(4)
Reclassification cross-currency swaps to Interest expense4 1 4 (1)
Reclassification cross-currency swaps to Non-operating
  (income) expense		(45)(6)(64)(13)
Tax effect on reclassification to income5 (1)7 1 
      Amounts reclassified from AOCI, net(36)(8)(53)(17)
Total reclassifications for the period$(36)$(13)$(53)$(22)
(1) Cumulative translation losses reclassified to Net income related to the sale of an equity interest in an unconsolidated joint venture. See Note 22 for discussion.