| OTHER COMPREHENSIVE INCOME (LOSS) The following table presents changes in Accumulated Other Comprehensive Loss ("AOCL"), net of tax, for the three months ended March 31, 2026 and 2025:
| | | | | | | | | | | | | Three Months Ended
March 31, | | In millions | 2026 | | 2025 | | Defined Benefit Pension and Postretirement Adjustments | | | | | Balance at beginning of period | $ | (1,099) | | | $ | (1,312) | | | Amounts reclassified from accumulated other comprehensive income (loss) | 29 | | | 24 | | | Balance at end of period | (1,070) | | | (1,288) | | | Change in Cumulative Foreign Currency Translation Adjustments | | | | | Balance at beginning of period | 630 | | | (402) | | | Other comprehensive income (loss) before reclassifications | (8) | | | 410 | | | Amounts reclassified from accumulated other comprehensive income (loss) | 3 | | | — | | | Balance at end of period | 625 | | | 8 | | | Net Gains and Losses on Cash Flow Hedging Derivatives | | | | | Balance at beginning of period | (59) | | | (8) | | | Other comprehensive income (loss) before reclassifications | 137 | | | (52) | | | Amounts reclassified from accumulated other comprehensive income (loss) | 1 | | | (1) | | | Balance at end of period | 79 | | | (61) | | | Total Accumulated Other Comprehensive Income (Loss) at End of Period | $ | (366) | | | $ | (1,341) | |
The following table presents details of the reclassifications out of AOCL for the three months ended March 31, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | In millions: | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | | Location of Amount Reclassified from AOCL | Three Months Ended
March 31, | | | 2026 | | 2025 | | | Defined benefit pension and postretirement items: | | | | | | | Prior-service costs | $ | (3) | | | $ | (4) | | (a) | Non-operating pension expense (income) | | Actuarial gains (losses) | (16) | | | (18) | | (a) | Non-operating pension expense (income) | | Settlement charge | (19) | | | (8) | | (a) | Discontinued operations, net of taxes and Non-operating pension expense (income) | | Total pre-tax amount | (38) | | | (30) | | | | | Tax (expense) benefit | 9 | | | 6 | | | | | Net of tax | (29) | | | (24) | | | | | | | | | | | Change in cumulative foreign currency translation adjustments: | | | | | | | Business divestitures | (3) | | | — | | | Discontinued operations, net of taxes | | Tax (expense)/benefit | — | | | — | | | | | Net of tax | (3) | | | — | | | | | | | | | | | Net gains and losses on cash flow hedging derivatives: | | | | | | | | | | | | | Commodity contracts | (2) | | | 1 | | (b) | Cost of products sold | | Total pre-tax amount | (2) | | | 1 | | | | | Tax (expense)/benefit | 1 | | | — | | | | | Net of tax | (1) | | | 1 | | | | | Total reclassifications for the period | $ | (33) | | | $ | (23) | | | |
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 18 - Retirement Plans for additional details).
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