​

Pretax

Tax (Expense)

Net-of-Tax

(Dollars in millions)

Amount

Benefit

Amount

For the three months ended June 30, 2025:

​

​

​

​

​

​

​

​

​

Foreign currency translation adjustments:

​

​

​

​

​

​

​

​

​

Foreign currency translation adjustments

​

$

222

​

$

—

​

$

222

Unrealized gains (losses) on net investment hedges

​

​

(152)

​

​

—

​

​

(152)

Total foreign currency translation adjustments

​

$

71

​

$

—

​

$

71

Unrealized gains (losses) on cash flow hedges:

​

​

​

​

​

​

​

​

​

Unrealized gains (losses) arising during the period

​

$

(10)

​

$

1

​

$

(9)

Reclassification of (gains) losses to net income

​

​

2

​

​

—

​

​

2

Total unrealized gains (losses) on cash flow hedges

​

$

(8)

​

$

1

​

$

(7)

Retirement-related benefit plans – amortization of net (gains) losses

​

$

3

​

$

(1)

​

$

2

Other comprehensive income (loss)

​

$

66

​

$

—

​

$

66

​

​

​

​

​

​

​

​

​

​

For the three months ended June 30, 2024:

​

​

​

​

​

​

​

​

​

Foreign currency translation adjustments:

​

​

​

​

​

​

​

​

​

Foreign currency translation adjustments

​

$

(63)

​

$

—

​

$

(63)

Unrealized gains on net investment hedges

​

​

14

​

​

—

​

​

14

Total foreign currency translation adjustments

​

$

(49)

​

$

—

​

$

(49)

Unrealized gains (losses) on cash flow hedges:

​

​

​

​

​

​

​

​

​

Unrealized gains (losses) arising during the period

​

$

(1)

​

$

(1)

​

$

(2)

Reclassification of (gains) losses to net income

​

​

—

​

​

—

​

​

—

Total unrealized gains (losses) on cash flow hedges

​

$

(1)

​

$

(1)

​

$

(2)

Retirement-related benefit plans – amortization of net (gains) losses

​

$

4

​

$

(1)

​

$

3

Other comprehensive income (loss)

​

$

(46)

​

$

(2)

​

$

(48)