v3.26.1
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Note 18. Accumulated Other Comprehensive Income
The changes in AOCI by component are set forth below:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
(Dollars in millions)
Foreign Exchange Translation Adjustment
   Balance at beginning of period$(115)$(56)$(110)$(27)
   Other comprehensive (loss) income before
    reclassifications		43 (59)38 (88)
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— — — — 
   Amounts reclassified from AOCI— — — — 
   Balance at end of period(72)(115)(72)(115)
Pension Adjustments
   Balance at beginning of period(16)(15)(16)(15)
   Other comprehensive income (loss) before
    reclassifications		— — — — 
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— — — — 
   Balance at end of period(16)(15)(16)(15)
Changes in Fair Value of Effective Cash Flow Hedges
   Balance at beginning of period8 (8)(6)(10)
   Other comprehensive (loss) income before
    reclassifications		(11)29 (7)46 
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		— 24 (3)26 
   Amounts reclassified from AOCI11 (41)26 (60)
   Income taxes associated with reclassifications from AOCI(1)5 (3)7 
   Balance at end of period7 9 7 9 
Changes in Fair Value of Net Investment Hedges
   Balance at beginning of period25 90 (6)125 
   Other comprehensive (loss) income before
    reclassifications		3 (133)42 (177)
   Income tax benefit (expense) associated with
    comprehensive income (loss) before reclassifications		(1)5 (9)14 
   Balance at end of period27 (38)27 (38)
Accumulated other comprehensive (loss) income, end of
  period		$(54)$(159)$(54)$(159)
Reclassifications from AOCI to income were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
(Dollars in millions)
Changes in Fair Value of Effective Cash Flow Hedges
Reclassification forward currency exchange contracts to
   Cost of goods sold		$5 $— $8 $— 
Reclassification cross-currency swaps to Interest expense1 4 1 4 
Reclassification cross-currency swaps to Non-operating
   (income) expense		5 (45)17 (64)
Tax effect on reclassification to income(1)5 (3)7 
      Amounts reclassified from AOCI, net10 (36)23 (53)
Total reclassifications for the period$10 $(36)$23 $(53)