Equity (Tables)

3 Months Ended

Mar. 31, 2026

The following table displays the changes in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions):


	Derivatives		Pensions		Foreign Currency Translation		Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2025	$	469	$	(23)	$	(1,780)	$	(1,334)
Foreign currency translation adjustment	—		—		(164)		(164)
Net change in fair value of derivatives, net of tax	127		—		—		127
Amounts reclassified to earnings of cash flow hedges, net of tax	(14)		—		—		(14)
Gain (loss) recognized on other, net of tax	—		(4)		—		(4)
Balance at March 31, 2026	$	582	$	(27)	$	(1,944)	$	(1,389)