v3.26.1
Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
Note 13—Accumulated Other Comprehensive Loss

Information Relating to 2026

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheet by component:

Pension PlansPost-Retirement Benefit PlansForeign Currency Translation Adjustment and OtherTotal
(Dollars in millions)
Balance as of December 31, 2025$(848)271 (24)(601)
Other comprehensive income before reclassifications— — 6 6 
Amounts reclassified from accumulated other comprehensive loss48 (17)— 31 
Net current-period other comprehensive income (loss)48 (17)6 37 
Balance as of June 30, 2026$(800)254 (18)(564)
The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component:

Three Months Ended June 30, 2026Decrease (Increase)
in Net Income		Affected Line Item in Consolidated Statement of Operations
(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss$20 Other income, net
Prior service credit(1)Other income, net
Total before tax19 
Income tax benefit(5)Income tax (benefit) expense
Net of tax$14 

Six Months Ended June 30, 2026Decrease (Increase)
in Net Income		Affected Line Item in Consolidated Statement of Operations
(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss$51 Other income, net
Prior service credit(9)Other income, net
Total before tax42 
Income tax benefit(11)Income tax expense (benefit)
Net of tax$31 
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(1)See Note 7—Employee Benefits for additional information on our net periodic benefit expense related to our pension and post-retirement plans.
Information Relating to 2025

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheets by component:

Pension PlansPost-Retirement Benefit PlansForeign Currency Translation Adjustment and OtherTotal
(Dollars in millions)
Balance as of December 31, 2024$(1,003)320 (40)(723)
Other comprehensive income before reclassifications— — 3 3 
Amounts reclassified from accumulated other comprehensive loss54 (13)— 41 
Net current-period other comprehensive income (loss)54 (13)3 44 
Balance as of June 30, 2025$(949)307 (37)(679)

The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component:

Three Months Ended June 30, 2025Decrease (Increase)
in Net Income		Affected Line Item in Consolidated Statement of Operations
(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss$30 Other income, net
Prior service credit(2)Other income, net
Total before tax28 
Income tax benefit(7)Income tax (benefit) expense
Net of tax$21 

Six Months Ended June 30, 2025Decrease (Increase)
in Net Income		Affected Line Item in Consolidated Statement of Operations
(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss$59 Other income, net
Prior service credit(4)Other income, net
Total before tax55 
Income tax benefit(14)Income tax expense (benefit)
Net of tax$41 
________________________________________________________________________
(1)See Note 7—Employee Benefits for additional information on our net periodic benefit expense related to our pension and post-retirement plans.