v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Changes in AOCI Income (Loss) by Component
The following table is a net-of-tax summary of the changes in accumulated other comprehensive income (loss) (AOCI) by component for the six months ended June 30, 2026 and 2025.
Gains (losses)
(in millions)CTAPension and OPEB plansHedging activitiesAvailable-for-sale debt securitiesTotal
Balance as of December 31, 2025
$(3,133)$(514)$(110)$3 $(3,754)
Other comprehensive income (loss) before reclassifications(72)1 — — (71)
Amounts reclassified from AOCI (a)
— 4 2 — 6 
Net other comprehensive income (loss) (72)5 2 — (65)
Balance as of June 30, 2026$(3,205)$(509)$(108)$3 $(3,819)
Gains (losses)
(in millions)CTAPension and OPEB plansHedging activitiesAvailable-for-sale debt securitiesTotal
Balance as of December 31, 2024$(3,430)$(475)$(108)$3 $(4,010)
Other comprehensive income (loss) before reclassifications146 10 (1)— 155 
Amounts reclassified from AOCI (a)
126 (15)(2)— 109 
Net other comprehensive income (loss) 272 (5)(3)— 264 
Balance as of June 30, 2025$(3,158)$(480)$(111)$3 $(3,746)
(a)    See table below for details about these reclassifications.
Summary of Reclassification from AOCI to Net Income (Loss)
The following is a summary of the amounts reclassified from AOCI to net income (loss) during the three and six months ended June 30, 2026 and 2025.
Amounts reclassified from AOCI (a)
(in millions)Three Months Ended June 30, 2026Six Months Ended June 30, 2026Location of impact in income statement
Pension and OPEB items
Amortization of net losses and prior service costs or credits$(2)$(5)Other (income) expense, net
Less: Tax effect— 1 Income tax expense (benefit)
$(2)$(4)Net of tax
Gains (losses) on hedging activities
Interest rate contracts(2)(3)Interest expense, net
Less: Tax effect1 1 Income tax expense (benefit)
$(1)$(2)Net of tax
Total reclassifications for the period$(3)$(6)Total net of tax
Amounts reclassified from AOCI (a)
(in millions)Three Months Ended June 30, 2025Six Months Ended June 30, 2025Location of impact in income statement
CTA
Reclassification of cumulative translation loss to earnings from Kidney Care separation$— $(126)Income from discontinued operations, net of tax
Less: Tax effect— — Income from discontinued operations, net of tax
$— $(126)Net of tax
Pension and OPEB items
Amortization of net losses and prior service costs or credits$3 $6 Other (income) expense, net
Pension settlement from Kidney Care separation— 14 Income from discontinued operations, net of tax
3 20 
Less: Tax effect(1)(2)Income tax expense
Less: Tax effect on pension settlement from Kidney Care separation— (3)Income from discontinued operations, net of tax
$2 $15 Net of tax
Gains (losses) on hedging activities
Foreign exchange contracts$2 $6 Cost of sales
Interest rate contracts(2)(3)Interest expense, net
— 3 Total before tax
Less: Tax effect— (1)Income tax expense (benefit)
$— $2 Net of tax
Total reclassifications for the period$2 $(109)Total net of tax
(a)    Amounts in parentheses indicate reductions to net income