The changes, net of tax, in the balances of each component of AOCI for the three and six months ended June 30, 2026 and 2025, including amounts reclassified out of AOCI, are as follows:


(In millions)	Pension/Post-Retirement Plans Gains (Losses)		Foreign Currency Translation Adjustments		Total
Balance at April 1, 2026	$	(3,632)	$	(1,928)	$	(5,560)
Other comprehensive income (loss) before reclassifications	15		(49)		(34)
Amounts reclassified from accumulated other comprehensive income	19		—		19
Net current period other comprehensive income (loss)	34		(49)		(15)
Balance at June 30, 2026 (a)	$	(3,598)	$	(1,977)	$	(5,575)


(In millions)	Pension/Post-Retirement Plans Gains (Losses)		Foreign Currency Translation Adjustments		Total
Balance at April 1, 2025	$	(3,475)	$	(2,421)	$	(5,896)
Other comprehensive (loss) income before reclassifications	(166)		809		643
Amounts reclassified from accumulated other comprehensive income	9		—		9
Net current period other comprehensive (loss) income	(157)		809		652
Balance at June 30, 2025 (a)	$	(3,632)	$	(1,612)	$	(5,244)

(a)At each June 30, 2026 and 2025, balances are net of deferred tax assets in pension and post-retirement plans gains (losses) of $1.6 billion.


(In millions)	Pension/Post-Retirement Plans Gains (Losses)		Foreign Currency Translation Adjustments		Total
Balance at January 1, 2026	$	(3,707)	$	(1,722)	$	(5,429)
Other comprehensive income (loss) before reclassifications	73		(255)		(182)
Amounts reclassified from accumulated other comprehensive income	36		—		36
Net current period other comprehensive income (loss)	109		(255)		(146)
Balance at June 30, 2026 (a)	$	(3,598)	$	(1,977)	$	(5,575)


(In millions)	Pension/Post-Retirement Plans Gains (Losses)		Foreign Currency Translation Adjustments		Total
Balance at January 1, 2025	$	(3,408)	$	(2,832)	$	(6,240)
Other comprehensive (loss) income before reclassifications	(240)		1,220		980
Amounts reclassified from accumulated other comprehensive income	16		—		16
Net current period other comprehensive (loss) income	(224)		1,220		996
Balance at June 30, 2025 (a)	$	(3,632)	$	(1,612)	$	(5,244)

(a)At each June 30, 2026 and 2025, balances are net of deferred tax assets in pension and post-retirement plans gains (losses) of $1.6 billion.


Three Months Ended June 30,	2026						2025
(In millions)	Pre-Tax		Tax (Credit)		Net of Tax		Pre-Tax		Tax (Credit)		Net of Tax
Foreign currency translation adjustments	$	(46)	$	3	$	(49)	$	787	$	(22)	$	809

Pension/post-retirement plans:
Amortization of losses (gains) included in net benefit (credit) cost:

Net actuarial losses (a)	24		5		19		11		2		9
Subtotal	24		5		19		11		2		9
Foreign currency translation adjustments	21		6		15		(224)		(54)		(170)



Effect of settlement	—		—		—		5		1		4


Pension/post-retirement plans gains (losses)	45		11		34		(208)		(51)		(157)
Other comprehensive (loss) income	$	(1)	$	14	$	(15)	$	579	$	(73)	$	652

(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.


Six Months Ended June 30,	2026						2025
(In millions)	Pre-Tax		Tax (Credit)		Net of Tax		Pre-Tax		Tax (Credit)		Net of Tax
Foreign currency translation adjustments	$	(244)	$	11	$	(255)	$	1,189	$	(31)	$	1,220

Pension/post-retirement plans:
Amortization of losses (gains) included in net benefit (credit) cost:

Net actuarial losses (a)	47		11		36		21		5		16
Subtotal	47		11		36		21		5		16
Foreign currency translation adjustments	94		23		71		(324)		(78)		(246)

Effect of remeasurement	—		—		—		(3)		(1)		(2)

Effect of settlement	2		—		2		10		2		8


Pension/post-retirement plans gains (losses)	143		34		109		(296)		(72)		(224)
Other comprehensive (loss) income	$	(101)	$	45	$	(146)	$	893	$	(103)	$	996

(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.