ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Six Months Ended June 30, 2026 | | Gross
Amount | | Income
Taxes | | Net
Amount | | Gross
Amount | | Income
Taxes | | Net
Amount | | Unrealized loss on cash flow hedges | $ | (23) | | | $ | 4 | | | $ | (19) | | | $ | (69) | | | $ | 13 | | | $ | (56) | | | Changes in retirement plans' funded status | 4 | | | (1) | | | 3 | | | 7 | | | (1) | | | 6 | | | Foreign currency translation | 22 | | | — | | | 22 | | | 125 | | | — | | | 125 | | | Share of other comprehensive loss of entities using the equity method | (1) | | | — | | | (1) | | | (6) | | | — | | | (6) | | | Other comprehensive income | $ | 2 | | | $ | 3 | | | $ | 5 | | | $ | 57 | | | $ | 12 | | | $ | 69 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | Gross
Amount | | Income
Taxes | | Net
Amount | | Gross
Amount | | Income
Taxes | | Net
Amount | | Unrealized gain on cash flow hedges | $ | 15 | | | $ | 1 | | | $ | 16 | | | $ | 4 | | | $ | 5 | | | $ | 9 | | | Changes in retirement plans' funded status | (3) | | | — | | | (3) | | | (6) | | | 1 | | | (5) | | | Foreign currency translation | (59) | | | — | | | (59) | | | — | | | — | | | — | | | Share of other comprehensive income of entities using the equity method | 18 | | | — | | | 18 | | | 28 | | | — | | | 28 | | | Other comprehensive income (loss) | $ | (29) | | | $ | 1 | | | $ | (28) | | | $ | 26 | | | $ | 6 | | | $ | 32 | |
The changes, net of tax, in each component of "Accumulated other comprehensive income (loss)" consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized
Gains (Loss) on
Cash Flow
Hedges | | Change in
Retirement Plans'
Funded Status | | Foreign Currency
Translation | | Share of Other
Comprehensive
Income (Loss) of
Entities Using
the Equity
Method | | Total | | Balance as of December 31, 2025 | $ | 27 | | | $ | (315) | | | $ | (2,236) | | | $ | (243) | | | $ | (2,767) | | | Other comprehensive income (loss), before reclassifications | (63) | | | 1 | | | 126 | | | (6) | | | 58 | | | Amounts reclassified from comprehensive income | 7 | | | 5 | | | — | | | — | | | 12 | | Other comprehensive income (loss)(1) | (56) | | | 6 | | | 126 | | | (6) | | | 70 | | | Balance as of June 30, 2026 | $ | (29) | | | $ | (309) | | | $ | (2,110) | | | $ | (249) | | | $ | (2,697) | | | | | | | | | | | | | Balance as of December 31, 2024 | $ | 72 | | | $ | (348) | | | $ | (2,170) | | | $ | (266) | | | $ | (2,712) | | | Other comprehensive income (loss), before reclassifications | 9 | | | (5) | | | (8) | | | 28 | | | 24 | | | Amounts reclassified from comprehensive income | 1 | | | — | | | — | | | — | | | 1 | | Other comprehensive income (loss)(1) | 10 | | | (5) | | | (8) | | | 28 | | | 25 | | | Balance as of June 30, 2025 | $ | 82 | | | $ | (353) | | | $ | (2,178) | | | $ | (238) | | | $ | (2,687) | |
(1)Excluded from the table above is other comprehensive income (loss) allocated to noncontrolling interests of $(1) million and $7 million for the six months ended June 30, 2026 and 2025, respectively.
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