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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Net income [1] $ 101 $ 168 $ 242 $ 335
Other comprehensive income (loss) before tax:        
Change in cumulative translation adjustments [2] 13 114 (11) 124
Net change in unrealized components of defined benefit plans 9 6 9 2
Other comprehensive income (loss), before tax 22 120 (1) 126
Tax effect allocated to other comprehensive income (loss) (2) (1) (2) 0
Other comprehensive income (loss), net of tax 21 119 (3) 126
Comprehensive Income 121 287 239 461
Less: Comprehensive income (loss) attributable to non-controlling interest 0 1 1 1
Comprehensive income attributable to controlling interest $ 121 $ 286 $ 238 $ 460
[1] For the three months periods ended June 30, 2026 and 2025, the aggregate transaction gain (loss) included in net income for the period was a gain of $0 million and a loss of $7 million, respectively. For the six months periods ended June 30, 2026 and 2025, the aggregate transaction gain (loss) included in net income for the period was a gain of $6 million and a loss of $14 million, respectively.
[2] A cumulative translation gain of $11 million related to the sale of the Russian entity in the first quarter of 2025 has been recycled and reported as part of the net change of cumulative translation adjustment in the Comprehensive Income Statement and Equity Statement. In the Statement of Income this gain has been reported as part of Other income (expense), net.