v3.25.3
Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Note 17. Accumulated Other Comprehensive Income
The changes in AOCI by component are set forth below:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
(Dollars in millions)
Foreign Exchange Translation Adjustment
   Balance at beginning of period$(115)$(39)$(27)$(57)
   Other comprehensive (loss) income before
     reclassifications		3 (30)(85)(7)
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— — — — 
   Amounts reclassified from AOCI— — — (5)
   Balance at end of period(112)(69)(112)(69)
Pension Adjustments
   Balance at beginning of period(15)(17)(15)(20)
   Other comprehensive income (loss) before
    reclassifications		— 1 — 4 
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— — — — 
   Balance at end of period(15)(16)(15)(16)
Changes in Fair Value of Effective Cash Flow Hedges
   Balance at beginning of period9 (1)(10)(2)
   Other comprehensive (loss) income before
     reclassifications		5 (33)51 (9)
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— 14 26 8 
   Amounts reclassified from AOCI— 25 (60)7 
   Income taxes associated with reclassifications from AOCI— (2)7 (1)
   Balance at end of period14 3 14 3 
Changes in Fair Value of Net Investment Hedges
   Balance at beginning of period(38)103 125 76 
   Other comprehensive (loss) income before
     reclassifications		6 (35)(171)(2)
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		(1)4 13 (2)
   Balance at end of period(33)72 (33)72 
Accumulated other comprehensive (loss) income, end of
  period		$(146)$(10)$(146)$(10)
Reclassifications from AOCI to income were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
(Dollars in millions)
Foreign Exchange Translation Adjustment
Reclassification adjustments recognized in income (1)
$— $— $— $(5)
     Amounts reclassified from AOCI— — — (5)
Changes in Fair Value of Effective Cash Flow Hedges
Reclassification forward currency exchange contracts to
  Cost of goods sold		$1 $1 $1 $(3)
Reclassification cross-currency swaps to Interest expense— 1 4 — 
Reclassification cross-currency swaps to Non-operating
  (income) expense		(1)23 (65)10 
Tax effect on reclassification to income— (2)7 (1)
      Amounts reclassified from AOCI, net— 23 (53)6 
Total reclassifications for the period$— $23 $(53)$1 
(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.