v3.26.1
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Loss
The following table provides the components of accumulated other comprehensive loss ("AOCL") for the six months ended June 30, 2026:
(in millions)Foreign Currency TranslationPost-retirement Benefit PlansDerivative InstrumentsTotal
Balance at January 1, 2026$(191)$(39)$10 $(220)
Foreign currency translation adjustment16 — — 16 
Amount of currency translation adjustment relating to divestiture of foreign subsidiaries reclassified into net income5 — — 5 
Tax on foreign currency translation adjustment(18)— — (18)
Amortization of actuarial gain on post-retirement benefit plans into other non-operating income, net— (1)— (1)
Unrealized loss on derivative hedge agreements— — (8)(8)
Tax on unrealized gain on derivative hedge agreements— — 2 2 
Reclassification of unrealized gain on foreign exchange agreements into revenue— — (3)(3)
Reclassification of unrealized gain on foreign exchange agreements into cost of revenue— — (2)(2)
Balance at March 31, 2026$(188)$(40)$(1)$(229)
Foreign currency translation adjustment(53)— — (53)
Amount of gain recognized relating to divestiture of foreign subsidiaries reclassified into net income— (3)— (3)
Amount of currency translation adjustment relating to divestiture of foreign subsidiaries reclassified into net income(13)— — (13)
Tax on foreign currency translation adjustment(3)— — (3)
Amortization of actuarial loss on post-retirement benefit plans into other non-operating income, net— 1 — 1 
Foreign currency translation adjustment for post-retirement benefit plans
— 2 — 2 
Unrealized loss on derivative hedge agreements— — (4)(4)
Tax on unrealized loss on derivative hedge agreements— — 1 1 
Reclassification of unrealized loss on foreign exchange agreements into revenue— — 1 1 
Reclassification of unrealized gain on foreign exchange agreements into cost of revenue— — (2)(2)
Balance at June 30, 2026$(257)$(40)$(5)$(302)
The following table provides the components of AOCL for the six months ended June 30, 2025:
(in millions)Foreign Currency TranslationPost-retirement Benefit PlansDerivative InstrumentsTotal
Balance at January 1, 2025$(368)$(53)$(14)$(435)
Foreign currency translation adjustment56 — — 56 
Amount of currency translation adjustment relating to divestiture of foreign subsidiaries reclassified into net income8 — — 8 
Tax on foreign currency translation adjustment20 — — 20 
Foreign currency translation adjustment for post-retirement benefit plans— (1)— (1)
Unrealized gain on derivative hedge agreements— — 15 15 
Tax on unrealized gain on derivative hedge agreements— — (2)(2)
Reclassification of unrealized loss on foreign exchange agreements into revenue— — 3 3 
Reclassification of unrealized gain on foreign exchange agreements into cost of revenue— — (1)(1)
Balance at March 31, 2025$(284)$(54)$1 $(337)
Foreign currency translation adjustment37 — — 37 
Tax on foreign currency translation adjustment65 — — 65 
Amortization of prior service cost and net actuarial gain on post-retirement benefit plans into other non-operating income, net— 1 — 1 
Foreign currency translation adjustment for post-retirement benefit plans— (2)— (2)
Unrealized gain on derivative hedge agreements— — 15 15 
Tax on on unrealized gain on derivative hedge agreements— — (2)(2)
Reclassification of unrealized loss on foreign exchange agreements into revenue— — 2 2 
Reclassification of unrealized gain on foreign exchange agreements into cost of revenue— — (1)(1)
Balance at June 30, 2025$(182)$(55)$15 $(222)