We present comprehensive income (loss) and its components in the Consolidated Statements of Comprehensive Income. Changes in the balances for each component of AOCI were as follows:


(Millions of dollars)	Three Months Ended March 31,
	2026		2025
Foreign currency translation
Balance at beginning of period	$	(928)	$	(1,256)


Gains (losses) on foreign currency translation	(21)		88
Less: Tax provision/(benefit)	—		—
Net gains (losses) on foreign currency translation	(21)		88



Other comprehensive income (loss), net of tax	(21)		88
Balance at end of period	$	(949)	$	(1,168)

Derivative financial instruments
Balance at beginning of period	$	(10)	$	24


Gains (losses) deferred	(89)		(6)
Less: Tax provision/(benefit)	(23)		(1)
Net gains (losses) deferred	(66)		(5)
(Gains) losses reclassified to earnings	104		(9)
Less: Tax (provision)/benefit	26		(2)
Net (gains) losses reclassified to earnings	78		(7)
Other comprehensive income (loss), net of tax	12		(12)
Balance at end of period	$	2	$	12

Total Accumulated other comprehensive income (loss) at end of period	$	(947)	$	(1,156)