Changes in "Accumulated other comprehensive income (loss)" by component were as follows for the three and six months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months | | Six Months | | (in millions) | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Foreign currency translation adjustments: | | | | | | | | | | | | | | Beginning balance | | $ | (21) | | | $ | (6) | | | $ | (27) | | | $ | 11 | | | $ | 1 | | | $ | 12 | | | Change in foreign currency translation adjustments | | (17) | | | 1 | | | (16) | | | (49) | | | (6) | | | (55) | | | Ending balance | | $ | (38) | | | $ | (5) | | | $ | (43) | | | $ | (38) | | | $ | (5) | | | $ | (43) | | Unrealized gains (losses) on cash flow hedges: | | | | | | | | | | | | | | Beginning balance | | $ | (171) | | | $ | 43 | | | $ | (128) | | | $ | (84) | | | $ | 21 | | | $ | (63) | | | Unrealized gains and (losses) arising during the period | | 4 | | | (1) | | | 3 | | | (117) | | | 29 | | | (88) | | Reclassifications of net losses to: | | | | | | | | | | | | | | Cost of revenues | | 39 | | | (10) | | | 29 | | | 69 | | | (17) | | | 52 | | | SG&A expenses | | 4 | | | (1) | | | 3 | | | 8 | | | (2) | | | 6 | | | Net change | | 47 | | | (12) | | | 35 | | | (40) | | | 10 | | | (30) | | | Ending balance | | $ | (124) | | | $ | 31 | | | $ | (93) | | | $ | (124) | | | $ | 31 | | | $ | (93) | | Changes in net defined benefit obligations: | | | | | | | | | | | | | | Beginning balance | | $ | (92) | | | $ | 21 | | | $ | (71) | | | $ | (149) | | | $ | 40 | | | $ | (109) | | | Gains and (losses), net of amortization | | 5 | | | 1 | | | 6 | | | 62 | | | (18) | | | 44 | | | Ending balance | | $ | (87) | | | $ | 22 | | | $ | (65) | | | $ | (87) | | | $ | 22 | | | $ | (65) | | | Accumulated other comprehensive income (loss): | | | | | | | | | | | | | | Beginning balance | | $ | (284) | | | $ | 58 | | | $ | (226) | | | $ | (222) | | | $ | 62 | | | $ | (160) | | | Other comprehensive income (loss) | | 35 | | | (10) | | | 25 | | | (27) | | | (14) | | | (41) | | | Ending balance | | $ | (249) | | | $ | 48 | | | $ | (201) | | | $ | (249) | | | $ | 48 | | | $ | (201) | |
Changes in "Accumulated other comprehensive income (loss)" by component were as follows for the three and six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months | | Six Months | | | | (in millions) | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | | | Foreign currency translation adjustments: | | | | | | | | | | | | | | | | Beginning balance | | $ | (164) | | | $ | 13 | | | $ | (151) | | | $ | (261) | | | $ | 7 | | | $ | (254) | | | | | Change in foreign currency translation adjustments | | 204 | | | (7) | | | 197 | | | 301 | | | (1) | | | 300 | | | | | Ending balance | | $ | 40 | | | $ | 6 | | | $ | 46 | | | $ | 40 | | | $ | 6 | | | $ | 46 | | | | Unrealized gains (losses) on cash flow hedges: | | | | | | | | | | | | | | | | Beginning balance | | $ | 4 | | | $ | (1) | | | $ | 3 | | | $ | (34) | | | $ | 9 | | | $ | (25) | | | | Unrealized gains arising during the period | | 14 | | | (3) | | | 11 | | | 44 | | | (11) | | | 33 | | | | | Reclassifications of net (gains) and losses to: | | | | | | | | | | | | | | | | Cost of revenues | | (1) | | | — | | | (1) | | | 6 | | | (1) | | | 5 | | | | | SG&A expenses | | — | | | — | | | — | | | 1 | | | (1) | | | — | | | | | Net change | | 13 | | | (3) | | | 10 | | | 51 | | | (13) | | | 38 | | | | | Ending balance | | $ | 17 | | | $ | (4) | | | $ | 13 | | | $ | 17 | | | $ | (4) | | | $ | 13 | | | | Changes in net defined benefit obligations: | | | | | | | | | | | | | | | | Beginning balance | | $ | (20) | | | $ | 3 | | | $ | (17) | | | $ | (20) | | | $ | 3 | | | $ | (17) | | | | Gains and (losses), net of amortization | | 1 | | | — | | | 1 | | | 1 | | | — | | | 1 | | | | | Ending balance | | $ | (19) | | | $ | 3 | | | $ | (16) | | | $ | (19) | | | $ | 3 | | | $ | (16) | | | | | Accumulated other comprehensive income (loss): | | | | | | | | | | | | | | | | Beginning balance | | $ | (180) | | | $ | 15 | | | $ | (165) | | | $ | (315) | | | $ | 19 | | | $ | (296) | | | | | Other comprehensive income (loss) | | 218 | | | (10) | | | 208 | | | 353 | | | (14) | | | 339 | | | | | Ending balance | | $ | 38 | | | $ | 5 | | | $ | 43 | | | $ | 38 | | | $ | 5 | | | $ | 43 | | | |
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