v3.25.2
Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss by Component

The following tables reconcile changes in AOCL by component (net of tax, dollars in millions):

 

 

 

Three months ended

 

 

 

Pension
and OPEB
liability
adjustments

 

 

Interest
rate swaps

 

 

Foreign
currency
items

 

 

Total

 

AOCL as of March 31, 2024

 

$

(4

)

 

$

12

 

 

$

(45

)

 

$

(37

)

Other comprehensive income (loss) before reclassifications

 

 

3

 

 

 

2

 

 

 

(2

)

 

 

3

 

Amounts reclassified from AOCL

 

 

1

 

 

 

(4

)

 

 

—

 

 

 

(3

)

Income tax (expense) benefit

 

 

(1

)

 

 

1

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

$

3

 

 

$

(1

)

 

$

(2

)

 

$

—

 

AOCL as of June 30, 2024

 

$

(1

)

 

$

11

 

 

$

(47

)

 

$

(37

)

AOCL as of March 31, 2025

 

$

(4

)

 

$

4

 

 

$

(47

)

 

$

(47

)

Other comprehensive income before reclassifications

 

 

—

 

 

 

1

 

 

 

13

 

 

 

14

 

Amounts reclassified from AOCL

 

 

(2

)

 

 

(2

)

 

 

—

 

 

 

(4

)

Net current period other comprehensive (loss) income

 

$

(2

)

 

$

(1

)

 

$

13

 

 

$

10

 

AOCL as of June 30, 2025

 

$

(6

)

 

$

3

 

 

$

(34

)

 

$

(37

)

 

 

 

 

Six months ended

 

 

 

Pension
and OPEB
liability
adjustments

 

 

Interest
rate swaps

 

 

Foreign
currency
items

 

 

Total

 

AOCL as of December 31, 2023

 

$

(2

)

 

$

11

 

 

$

(40

)

 

$

(31

)

Other comprehensive income (loss) before reclassifications

 

 

3

 

 

 

7

 

 

 

(7

)

 

 

3

 

Amounts reclassified from AOCL

 

 

(2

)

 

 

(7

)

 

 

—

 

 

 

(9

)

Net current period other comprehensive income (loss)

 

$

1

 

 

$

—

 

 

$

(7

)

 

$

(6

)

AOCL as of June 30, 2024

 

$

(1

)

 

$

11

 

 

$

(47

)

 

$

(37

)

AOCL as of December 31, 2024

 

$

(3

)

 

$

5

 

 

$

(53

)

 

$

(51

)

Other comprehensive income before reclassifications

 

 

—

 

 

 

1

 

 

 

19

 

 

 

20

 

Amounts reclassified from AOCL

 

 

(4

)

 

 

(4

)

 

 

—

 

 

 

(8

)

Income tax benefit

 

 

1

 

 

 

1

 

 

 

—

 

 

 

2

 

Net current period other comprehensive (loss) income

 

$

(3

)

 

$

(2

)

 

$

19

 

 

$

14

 

AOCL as of June 30, 2025

 

$

(6

)

 

$

3

 

 

$

(34

)

 

$

(37

)
Reclassification out of Accumulated Other Comprehensive Loss

 

 

Amounts reclassified from AOCL

 

 

 

AOCL Components

 

Three months ended
June 30, 2025

 

 

Three months ended
June 30, 2024

 

 

Affected line item in the Condensed
Consolidated Statements of
Comprehensive Income

Interest rate swaps

 

$

2

 

 

$

4

 

 

Interest expense, net

Prior service credit

 

 

1

 

 

 

2

 

 

Other income (expense), net

Recognized actuarial gain

 

 

1

 

 

 

1

 

 

Other income (expense), net

Pension settlement loss

 

 

—

 

 

$

(4

)

 

Other income (expense), net

Total reclassifications, before tax

 

$

4

 

 

$

3

 

 

Income before income taxes

Income tax expense

 

 

(1

)

 

 

(1

)

 

Income tax expense

Total reclassifications, net of tax

 

$

3

 

 

$

2

 

 

 

 

 

 

Amounts reclassified from AOCL

 

 

 

AOCL Components

 

Six months ended
June 30, 2025

 

 

Six months ended
June 30, 2024

 

 

Affected line item in the Condensed
Consolidated Statements of
Comprehensive Income

Interest rate swaps

 

$

4

 

 

$

7

 

 

Interest expense, net

Prior service credit

 

 

2

 

 

 

4

 

 

Other income (expense), net

Recognized actuarial gain

 

 

2

 

 

 

2

 

 

Other income (expense), net

Pension settlement loss

 

 

—

 

 

 

(4

)

 

Other income (expense), net

Total reclassifications, before tax

 

$

8

 

 

$

9

 

 

Income before income taxes

Income tax expense

 

 

(2

)

 

 

(2

)

 

Income tax expense

Total reclassifications, net of tax

 

$

6

 

 

$

7