| Schedule of Accumulated Other Comprehensive Income (Loss) |
A summary of the changes in each component of Accumulated other comprehensive income (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 | | Defined Benefit Pension and Postretirement Plans | | | | Unrealized Hedging Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | | Quarter Ended June 30, 2026 | | | | | | | | | | | | Balance as of March 31, 2026 | | $ | (1,001) | | | $ | (35) | | | | | $ | 3 | | | $ | (1,033) | | | Other comprehensive income (loss) before reclassifications, net | | 50 | | | — | | | | | 5 | | | 55 | | | | | | | | | | | | | | Amounts reclassified, pre-tax | | — | | | — | | | | | (1) | | | (1) | | | Tax benefit reclassified | | — | | | — | | | | | — | | | — | | | Balance as of June 30, 2026 | | $ | (951) | | | $ | (35) | | | | | $ | 7 | | | $ | (979) | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | | | | | | | Balance as of December 31, 2025 | | $ | (1,053) | | | $ | (35) | | | | | $ | 1 | | | $ | (1,087) | | | Other comprehensive income (loss) before reclassifications, net | | 102 | | | — | | | | | 8 | | | 110 | | | Amounts reclassified, pre-tax | | — | | | — | | | | | (2) | | | (2) | | | Tax benefit reclassified | | — | | | — | | | | | — | | | — | | | Balance as of June 30, 2026 | | $ | (951) | | | $ | (35) | | | | | $ | 7 | | | $ | (979) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | | Foreign Currency Translation | | Defined Benefit Pension and Postretirement Plans | | | | Unrealized Hedging Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | | Quarter Ended June 30, 2025 | | | | | | | | | | | | Balance as of March 31, 2025 | | $ | (799) | | | $ | (75) | | | | | $ | 3 | | | $ | (871) | | | Other comprehensive income (loss) before reclassifications, net | | (178) | | | — | | | | | (8) | | | (186) | | | | | | | | | | | | | | Amounts reclassified, pre-tax | | — | | | — | | | | | 2 | | | 2 | | | Tax benefit reclassified | | — | | | — | | | | | (1) | | | (1) | | | Balance as of June 30, 2025 | | $ | (977) | | | $ | (75) | | | | | $ | (4) | | | $ | (1,056) | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | | | | | Balance as of December 31, 2024 | | $ | (672) | | | $ | (76) | | | | | $ | 3 | | | $ | (745) | | | Other comprehensive income (loss) before reclassifications, net | | (305) | | | — | | | | | (9) | | | (314) | | | | | | | | | | | | | | Amounts reclassified, pre-tax | | — | | | 1 | | | | | 3 | | | 4 | | | Tax benefit reclassified | | — | | | — | | | | | (1) | | | (1) | | | Balance as of June 30, 2025 | | $ | (977) | | | $ | (75) | | | | | $ | (4) | | | $ | (1,056) | |
|