Shareholders' Equity (Tables)

The following table illustrates the conversion rate per share of Mandatory convertible preferred stock, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock:


Applicable Market Value of Common Stock						Conversion Rate per Share of Mandatory Convertible Preferred Stock
Greater than $171.5854						5.8280 shares of common stock
Equal to or less than $171.5854 but greater than or equal to $142.9797						Between 5.8280 and 6.9940 shares of common stock, determined by dividing $1,000 by the applicable market value
Less than $142.9797						6.9940 shares of common stock

Changes in Accumulated other comprehensive loss (AOCI) by component for the six and three months ended June 30, 2026 and 2025, were as follows:


	Currency Translation Adjustments	Unrealized Gains and Losses on Certain Investments	Unrealized Gains and Losses on Derivative Instruments	Defined Benefit Pension Plans & Other Postretirement Benefits	Total (1)
Balance at January 1, 2025	($178)	$2	($211)	($10,528)	($10,915)
Other comprehensive income/(loss) before reclassifications	108		206	(2)	312
Amounts reclassified from AOCI			28	36	64
Net current period Other comprehensive income	108		234	34	376
Balance at June 30, 2025	($70)	$2	$23	($10,494)	($10,539)

Balance at January 1, 2026	$64	$2	$88	($10,431)	($10,277)
Other comprehensive (loss)/income before reclassifications	(28)	(1)	16	9	(4)
Amounts reclassified from AOCI			(9)	158	149
Net current period Other comprehensive (loss)/income	(28)	(1)	7	167	145
Balance at June 30, 2026	$36	$1	$95	($10,264)	($10,132)

Balance at March 31, 2025	($132)	$2	($125)	($10,505)	($10,760)
Other comprehensive income/(loss) before reclassifications	62		138	(2)	198
Amounts reclassified from AOCI			10	13	23
Net current period Other comprehensive income	62		148	11	221
Balance at June 30, 2025	($70)	$2	$23	($10,494)	($10,539)

Balance at March 31, 2026	$1	$1	$74	($10,342)	($10,266)
Other comprehensive income before reclassifications	35		24		59
Amounts reclassified from AOCI			(3)	78	75
Net current period Other comprehensive income	35		21	78	134
Balance at June 30, 2026	$36	$1	$95	($10,264)	($10,132)