Accumulated Other Comprehensive Income (Loss)


10. Accumulated Other Comprehensive Income (Loss)

Changes, net of tax, in Accumulated other comprehensive income (loss) were as follows:


(dollars in millions)	Unrealized Gains (Losses) Available-for-Sale Securities (a)		Retirement Plan Liabilities Adjustments		Foreign Currency Translation Adjustments		Changes in Discount Rate for Insurance Claims and Policyholder Liabilities		Other (b)		Total Accumulated Other Comprehensive Income (Loss)

Three Months Ended June 30, 2026
Balance at beginning of period	$	(53)	$	(2)	$	(8)	$	(1)	$	11	$	(53)
Other comprehensive income (loss) before reclassifications	2		—		(2)		—		(1)		(1)

Balance at end of period	$	(51)	$	(2)	$	(10)	$	(1)	$	10	$	(54)

Three Months Ended June 30, 2025
Balance at beginning of period	$	(65)	$	(3)	$	(13)	$	—	$	16	$	(65)
Other comprehensive income (loss) before reclassifications	8		—		7		—		(1)		14

Balance at end of period	$	(57)	$	(3)	$	(6)	$	—	$	15	$	(51)

Six Months Ended June 30, 2026
Balance at beginning of period	$	(41)	$	(2)	$	(7)	$	(3)	$	12	$	(41)
Other comprehensive income (loss) before reclassifications	(10)		—		(3)		2		(2)		(13)

Balance at end of period	$	(51)	$	(2)	$	(10)	$	(1)	$	10	$	(54)

Six Months Ended June 30, 2025
Balance at beginning of period	$	(81)	$	(3)	$	(13)	$	(1)	$	17	$	(81)
Other comprehensive income (loss) before reclassifications	24		—		7		1		(2)		30

Balance at end of period	$	(57)	$	(3)	$	(6)	$	—	$	15	$	(51)

(a) There were no material amounts related to available-for-sale debt securities for which an allowance for credit losses was recorded during the three and six months ended June 30, 2026 and 2025.

(b) Other primarily includes changes in the fair value of our mark-to-market derivative instruments that have been designated as cash flow hedges.

Reclassification adjustments from Accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were immaterial for the three and six months ended June 30, 2026 and 2025.