| Equity |
Note 17: Equity Accumulated Other Comprehensive Loss. A summary of the changes in each component of Accumulated other comprehensive loss, net of tax for the quarters and six months ended June 30, 2026 and 2025 is provided below: | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | Foreign Currency Translation (1) | | Defined Benefit Pension and Postretirement Plans | | Unrealized Hedging Gains (Losses) | | Accumulated Other Comprehensive Loss | | Quarter Ended June 30, 2026 | | | | | | | | | Balance at March 31, 2026 | $ | 355 | | | $ | (3,324) | | | $ | 24 | | | $ | (2,945) | | | Other comprehensive (loss) income before reclassifications, net | (219) | | | 20 | | | (160) | | | (359) | | | Amounts reclassified, pre-tax | — | | | (25) | | | (3) | | | (28) | | | Tax (expense) benefit | (20) | | | 6 | | | 37 | | | 23 | | | Balance at June 30, 2026 | $ | 116 | | | $ | (3,323) | | | $ | (102) | | | $ | (3,309) | | | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | | | | Balance at December 31, 2025 | $ | 492 | | | $ | (3,304) | | | $ | 94 | | | $ | (2,718) | | | Other comprehensive (loss) income before reclassifications, net | (352) | | | 17 | | | (229) | | | (564) | | | Amounts reclassified, pre-tax | — | | | (49) | | | (19) | | | (68) | | | Tax (expense) benefit | (24) | | | 13 | | | 52 | | | 41 | | | Balance at June 30, 2026 | $ | 116 | | | $ | (3,323) | | | $ | (102) | | | $ | (3,309) | |
(1)The amount of foreign currency translation recognized in Other Comprehensive (Loss) Income (OCI) includes gains (losses) relating to net investment hedges, as further discussed in “Note 12: Financial Instruments”. | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | Foreign Currency Translation (1) | | Defined Benefit Pension and Postretirement Plans | | Unrealized Hedging Gains (Losses) | | Accumulated Other Comprehensive Loss | | Quarter Ended June 30, 2025 | | | | | | | | | Balance at March 31, 2025 | $ | (449) | | | $ | (2,745) | | | $ | (13) | | | $ | (3,207) | | | Other comprehensive income (loss) before reclassifications, net | 863 | | | (143) | | | 112 | | | 832 | | | Amounts reclassified, pre-tax | — | | | (38) | | | 26 | | | (12) | | | Tax benefit (expense) | — | | | 30 | | | (34) | | | (4) | | | | | | | | | | | Balance at June 30, 2025 | $ | 414 | | | $ | (2,896) | | | $ | 91 | | | $ | (2,391) | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | | Balance at December 31, 2024 | $ | (949) | | | $ | (2,679) | | | $ | (127) | | | $ | (3,755) | | | Other comprehensive income (loss) before reclassifications, net | 1,362 | | | (179) | | | 259 | | | 1,442 | | | Amounts reclassified, pre-tax | — | | | (77) | | | 23 | | | (54) | | | Tax benefit (expense) | 1 | | | 39 | | | (64) | | | (24) | | | | | | | | | | | Balance at June 30, 2025 | $ | 414 | | | $ | (2,896) | | | $ | 91 | | | $ | (2,391) | |
(1)The amount of foreign currency translation recognized in OCI includes gains (losses) relating to net investment hedges, as further discussed in “Note 12: Financial Instruments”.
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