| ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present changes in the accumulated balances for each component of other comprehensive (loss) income, including current period other comprehensive (loss) income and reclassifications out of accumulated other comprehensive loss: | | | | | | | | | | | | | | | | | | | | | | | | | (DOLLARS IN MILLIONS) | Foreign Currency Translation Adjustments | | Gains (Losses) on Derivatives Qualifying as Hedges | | Pension and Postretirement Liability Adjustment | | Total | | Accumulated other comprehensive (loss) income, net of tax, as of January 1, 2026 | $ | (1,273) | | | $ | (4) | | | $ | (153) | | | $ | (1,430) | | | OCI before reclassifications | (90) | | | 4 | | | 7 | | | (79) | | | | | | | | | | | Amounts reclassified from AOCI | — | | | — | | | (2) | | | (2) | | | Net current period other comprehensive (loss) income | (90) | | | 4 | | | 5 | | | (81) | | | Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2026 | $ | (1,363) | | | $ | — | | | $ | (148) | | | $ | (1,511) | |
| | | | | | | | | | | | | | | | | | | | | | | | | (DOLLARS IN MILLIONS) | Foreign Currency Translation Adjustments | | Gains (Losses) on Derivatives Qualifying as Hedges | | Pension and Postretirement Liability Adjustment | | Total | | Accumulated other comprehensive (loss) income, net of tax, as of January 1, 2025 | $ | (2,426) | | | $ | (2) | | | $ | (99) | | | $ | (2,527) | | | OCI before reclassifications | 404 | | | (1) | | | — | | | 403 | | | | | | | | | | | Amounts reclassified from AOCI | — | | | — | | | 1 | | | 1 | | | Net current period other comprehensive income (loss) | 404 | | | (1) | | | 1 | | | 404 | | | Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2025 | $ | (2,022) | | | $ | (3) | | | $ | (98) | | | $ | (2,123) | |
The following table provides details about reclassifications out of Accumulated other comprehensive loss to the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss): | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Affected Line Item in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) | | (DOLLARS IN MILLIONS) | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Actuarial losses (gains) | $ | 2 | | | $ | (1) | | | (1) | | | | | | | | | | | | | | Total | $ | 2 | | | $ | (1) | | | Total, net of income taxes |
_______________________ (1)The amortization of actuarial losses (gains) is included in the computation of net periodic benefit cost. Refer to Note 7 for additional information regarding net periodic benefit cost.
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