Accumulated other comprehensive loss

3 Months Ended

Mar. 31, 2026

Note 16. Accumulated other comprehensive loss

The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, were

as follows:


(In millions)	Foreign Currency Translation Adjustment	Cash Flow Hedges	Defined Benefit Pension Plans and Other Postretirement Benefit Plans	Total
Balance as of December 31, 2025	$(431)	$(1)	$41	$(391)
Other comprehensive income (loss) before reclassifications	(64)	11	—	(53)
Amounts reclassified from Accumulated other comprehensive loss to Net income	—	2	(2)	—
Net current-period Other comprehensive income (loss)	(64)	13	(2)	(53)
Other comprehensive loss attributable to noncontrolling interests	—	—	—	—
Balance as of March 31, 2026	$(495)	$12	$39	$(444)

Balance as of December 31, 2024	$(634)	$(7)	$35	$(606)
Other comprehensive income (loss) before reclassifications	16	3	—	19
Amounts reclassified from Accumulated other comprehensive loss to Net income	—	(1)	(1)	(2)
Net current-period Other comprehensive income (loss)	16	2	(1)	17
Other comprehensive loss attributable to noncontrolling interests	—	—	—	—
Balance as of March 31, 2025	$(618)	$(5)	$34	$(589)

The following amounts were reclassified from Accumulated other comprehensive loss to Net loss:


	For the three months ended March 31,
(In millions)	2026	2025
Net change in fair value of effective portion of cash flow hedges
Cost of revenues	$2	$(1)
Income tax benefit	—	—
Total	2	(1)
Actuarial losses and prior service costs for defined benefit pension plans and other postretirement benefit plans
Other non-operating income, net	(2)	(1)
Income tax benefit	—	—
Total	(2)	$(1)
Total amounts reclassified from Accumulated other comprehensive loss to Net loss	$—	$(2)

The Company releases tax effects from Accumulated other comprehensive loss when the underlying items

affect earnings.