v3.26.1
Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income or loss (“AOCI”) represents the cumulative balance of other comprehensive income, net of tax, as of the balance sheet date. For the Company, AOCI is composed of adjustments related to pension and other postretirement benefit plans, derivatives designated as hedges, and foreign currency translation adjustments. Changes in the AOCI balances for the three months ended March 31, 2026 and 2025 by component are shown in the following tables:
(In millions)
Pension and Other Postretirement Benefits (1)
Derivatives Designated as Hedges (1)
Foreign Currency Translation and Other (1)
Total (1)
Beginning balance, December 31, 2025$(7)$(18)$306 $281 
Other comprehensive income before reclassification— (1)(13)(14)
Amounts reclassified from accumulated other comprehensive income— (1)(4)(5)
Ending balance, March 31, 2026$(7)$(20)$289 $262 
(1) All amounts are net of income taxes.

Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended March 31, 2026 were immaterial. Reclassification adjustments for derivatives designated as hedges for the same period $2 million of benefit in other income, net of $1 million income tax provision. Reclassification adjustments for foreign currency translation related to net investment hedges for the three months ended March 31, 2026 were $6 million of benefit in interest expense, net of $2 million income tax provision.
(In millions)
Pension and Other Postretirement Benefits (1)
Derivatives Designated as Hedges (1)
Foreign Currency Translation
Total (1)
Beginning balance, December 31, 2024$(113)$$(113)$(224)
Other comprehensive income before reclassification(17)154 139 
Amounts reclassified from accumulated other comprehensive income110 (3)— 107 
Ending balance, March 31, 2025$(1)$(18)$41 $22 
(1) All amounts are net of income taxes.

Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended March 31, 2025 were $147 million of charges to pension expense, other than service cost, net of $37 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $2 million of
benefit in interest expense, net of $1 million income tax provision and $2 million of benefit in other income, net of $1 million income tax provision.