Note 13—Accumulated Other Comprehensive Loss
Information Relating to 2026
The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheet by component:
| | | | | | | | | | | | | | | | | | | | | | | | | Pension Plans | | Post-Retirement Benefit Plans | | Foreign Currency Translation Adjustment and Other | | Total | | | (Dollars in millions) | | Balance as of December 31, 2025 | $ | (848) | | | 271 | | | (24) | | | (601) | | | Other comprehensive income (loss) before reclassifications | — | | | — | | | 3 | | | 3 | | | Amounts reclassified from accumulated other comprehensive loss | 27 | | | (10) | | | — | | | 17 | | | Net current-period other comprehensive income (loss) | 27 | | | (10) | | | 3 | | | 20 | | | Balance as of March 31, 2026 | $ | (821) | | | 261 | | | (21) | | | (581) | |
The table below presents further information about our reclassifications out of accumulated other comprehensive loss by component:
| | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | Decrease (Increase)
in Net Income | | Affected Line Item in Consolidated Statement of Operations | | | | (Dollars in millions) | | | Amortization of pension & post-retirement plans(1) | | | | | | Net actuarial loss | | $ | 31 | | | Other income, net | | Prior service credit | | (8) | | | Other income, net | | Total before tax | | 23 | | | | | Income tax benefit | | (6) | | | Income tax expense (benefit) | | Net of tax | | $ | 17 | | | |
________________________________________________________________________ (1)See Note 7—Employee Benefits for additional information on our net periodic benefit expense related to our pension and post-retirement plans. Information Relating to 2025
The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheets by component:
| | | | | | | | | | | | | | | | | | | | | | | | | Pension Plans | | Post-Retirement Benefit Plans | | Foreign Currency Translation Adjustment and Other | | Total | | | (Dollars in millions) | | Balance as of December 31, 2024 | $ | (1,003) | | | 320 | | | (40) | | | (723) | | Other comprehensive loss before reclassifications | — | | | — | | | 3 | | | 3 | | | Amounts reclassified from accumulated other comprehensive loss | 26 | | | (6) | | | — | | | 20 | | | Net current-period other comprehensive income (loss) | 26 | | | (6) | | | 3 | | | 23 | | | Balance as of March 31, 2025 | $ | (977) | | | 314 | | | (37) | | | (700) | |
The table below presents further information about our reclassifications out of accumulated other comprehensive loss by component:
| | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | Decrease (Increase)
in Net Income | | Affected Line Item in Consolidated Statement of Operations | | | | (Dollars in millions) | | | Amortization of pension & post-retirement plans(1) | | | | | | Net actuarial loss | | $ | 29 | | | Other income, net | | Prior service credit | | (2) | | | Other income, net | | Total before tax | | 27 | | | | | Income tax benefit | | (7) | | | Income tax expense (benefit) | | Net of tax | | $ | 20 | | | |
________________________________________________________________________ (1)See Note 7—Employee Benefits for additional information on our net periodic benefit expense related to our pension and post-retirement plans.
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