The table below presents the changes in accumulated other comprehensive income (loss) (“AOCI”), including the reclassifications out of AOCI by component: Three months ended March 31, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions) | | Cumulative Translation Adjustment | | Defined Benefit Pension and Postretirement Plans | | Cash Flow Hedging | | Total Accumulated Other Comprehensive Income (Loss) | | Balance at December 31, 2025, net of tax: | | $ | (130) | | | $ | (488) | | | $ | (8) | | | $ | (625) | | | Other comprehensive income (loss), before tax: | | | | | | | | | | Amount of gain (loss) recognized in AOCI | | (55) | | | — | | | 7 | | | (48) | | | Amount of gain (loss) reclassified from AOCI | | — | | | 15 | | | 2 | | | 17 | | | Total other comprehensive income (loss), before tax | | (55) | | | 15 | | | 9 | | | (31) | | | Tax effect | | (9) | | | (4) | | | (2) | | | (15) | | | Total other comprehensive income (loss), net of tax | | (63) | | | 12 | | | 7 | | | (45) | | | | | | | | | | | Balance at March 31, 2026, net of tax: | | $ | (193) | | | $ | (477) | | | $ | (1) | | | $ | (670) | |
Three months ended March 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions) | | Cumulative Translation Adjustment | | Defined Benefit Pension and Postretirement Plans | | Cash Flow Hedging | | Total Accumulated Other Comprehensive Income (Loss) | | Balance at December 31, 2024, net of tax: | | $ | (550) | | | $ | (526) | | | $ | 20 | | | $ | (1,056) | | | Other comprehensive income (loss), before tax: | | | | | | | | | | Amount of gain (loss) recognized in AOCI | | 151 | | | — | | | (11) | | | 140 | | | Amount of gain (loss) reclassified from AOCI | | — | | | 19 | | | (3) | | | 16 | | | Total other comprehensive income (loss), before tax | | 151 | | | 19 | | | (14) | | | 156 | | | Tax effect | | 3 | | | (5) | | | 3 | | | 1 | | | Total other comprehensive income (loss), net of tax | | 154 | | | 14 | | | (11) | | | 157 | | | | | | | | | | | Balance at March 31, 2025, net of tax: | | $ | (396) | | | $ | (512) | | | $ | 9 | | | $ | (899) | |
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