| Accumulated Other Comprehensive Loss |
Note 16 — Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss, net of non-controlling interests, and net of tax are provided in the following table for the three and six months ended June 30, 2026 and 2025. This table excludes amounts attributable to non-controlling interests, which are not material for further disclosure.
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Foreign currency
translation |
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Derivative
instruments (i) |
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Defined pension and
post-retirement
benefit costs |
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Total |
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2026 |
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2025 |
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2026 |
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2025 |
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|
2026 |
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2025 |
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2026 |
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2025 |
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Quarter-to-date activity: |
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Balance at March 31, 2026 and 2025, respectively |
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$ |
(670 |
) |
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$ |
(911 |
) |
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$ |
8 |
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$ |
10 |
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|
$ |
(2,208 |
) |
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$ |
(2,034 |
) |
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$ |
(2,870 |
) |
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$ |
(2,935 |
) |
Other comprehensive (loss)/income before
reclassifications |
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|
(7 |
) |
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|
207 |
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— |
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5 |
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2 |
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(1 |
) |
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(5 |
) |
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211 |
|
(Gain)/loss reclassified from accumulated other
comprehensive loss (net of income tax expense of
$9 and $6, respectively) |
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— |
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— |
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— |
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(1 |
) |
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26 |
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19 |
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26 |
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|
18 |
|
Net current-period other comprehensive (loss)/income |
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|
(7 |
) |
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|
207 |
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|
— |
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|
4 |
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|
28 |
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|
18 |
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|
21 |
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|
229 |
|
Balance at June 30, 2026 and 2025, respectively |
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$ |
(677 |
) |
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$ |
(704 |
) |
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$ |
8 |
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$ |
14 |
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$ |
(2,180 |
) |
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$ |
(2,016 |
) |
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$ |
(2,849 |
) |
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$ |
(2,706 |
) |
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Year-to-date activity: |
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Balance at December 31, 2025 and 2024, respectively |
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$ |
(608 |
) |
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$ |
(1,020 |
) |
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$ |
10 |
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$ |
7 |
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$ |
(2,236 |
) |
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$ |
(2,145 |
) |
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$ |
(2,834 |
) |
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$ |
(3,158 |
) |
Other comprehensive (loss)/income before
reclassifications |
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|
(69 |
) |
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|
316 |
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(1 |
) |
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8 |
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4 |
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|
91 |
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(66 |
) |
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415 |
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(Gain)/loss reclassified from accumulated other
comprehensive loss (net of income tax benefit of
$17 and $12, respectively) |
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— |
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— |
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|
(1 |
) |
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(1 |
) |
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|
52 |
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|
38 |
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|
51 |
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|
37 |
|
Net other comprehensive (loss)/income |
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|
(69 |
) |
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|
316 |
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|
|
(2 |
) |
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|
7 |
|
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|
56 |
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|
129 |
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|
(15 |
) |
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|
452 |
|
Balance at June 30, 2026 and 2025, respectively |
|
$ |
(677 |
) |
|
$ |
(704 |
) |
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$ |
8 |
|
|
$ |
14 |
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|
$ |
(2,180 |
) |
|
$ |
(2,016 |
) |
|
$ |
(2,849 |
) |
|
$ |
(2,706 |
) |
(i)Reclassification adjustments from accumulated other comprehensive loss related to derivative instruments are included in Revenue and Salaries and benefits in the accompanying condensed consolidated statements of comprehensive income. See Note 8 — Derivative Financial Instruments for additional details regarding the reclassification adjustments for the derivative settlements. The impact of our available-for-sale debt securities on accumulated other comprehensive loss was not material for the three and six months ended June 30, 2026. |