| Accumulated Other Comprehensive Income (Loss) |
ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present changes in the accumulated balances for each component of other comprehensive loss, including current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive loss, for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | (DOLLARS IN MILLIONS) | Foreign
Currency
Translation
Adjustments | | Gains (Losses)
on Derivatives
Qualifying as
Hedges | | Pension and
Postretirement
Liability
Adjustment | | Total | | Accumulated other comprehensive loss, net of tax, as of April 1, 2026 | $ | (1,363) | | | $ | — | | | $ | (148) | | | $ | (1,511) | | | OCI before reclassifications | (77) | | | (1) | | | 3 | | | (75) | | | | | | | | | | | | | | | | | | | Amounts reclassified from AOCI | — | | | — | | | (2) | | | (2) | | | Net current period other comprehensive income (loss) | (77) | | | (1) | | | 1 | | | (77) | | | Accumulated other comprehensive loss, net of tax, as of June 30, 2026 | $ | (1,440) | | | $ | (1) | | | $ | (147) | | | $ | (1,588) | |
| | | | | | | | | | | | | | | | | | | | | | | | | (DOLLARS IN MILLIONS) | Foreign
Currency
Translation
Adjustments | | Gains (Losses)
on Derivatives
Qualifying as
Hedges | | Pension and
Postretirement
Liability
Adjustment | | Total | | Accumulated other comprehensive loss, net of tax, as of January 1, 2026 | $ | (1,273) | | | $ | (4) | | | $ | (153) | | | $ | (1,430) | | | OCI before reclassifications | (167) | | | 3 | | | 10 | | | (154) | | | | | | | | | | | | | | | | | | | Amounts reclassified from AOCI | — | | | — | | | (4) | | | (4) | | | Net current period other comprehensive income (loss) | (167) | | | 3 | | | 6 | | | (158) | | | Accumulated other comprehensive loss, net of tax, as of June 30, 2026 | $ | (1,440) | | | $ | (1) | | | $ | (147) | | | $ | (1,588) | |
| | | | | | | | | | | | | | | | | | | | | | | | | (DOLLARS IN MILLIONS) | Foreign
Currency
Translation
Adjustments | | Gains (Losses)
on Derivatives
Qualifying as
Hedges | | Pension and
Postretirement
Liability
Adjustment | | Total | | Accumulated other comprehensive loss, net of tax, as of April 1, 2025 | $ | (2,022) | | | $ | (3) | | | $ | (98) | | | $ | (2,123) | | | OCI before reclassifications | 710 | | | — | | | (1) | | | 709 | | | | | | | | | | | Reclassifications due to business divestitures | 48 | | | — | | | (50) | | | (2) | | | Amounts reclassified from AOCI | — | | | — | | | 1 | | | 1 | | | Net current period other comprehensive income (loss) | 758 | | | — | | | (50) | | | 708 | | | Accumulated other comprehensive loss, net of tax, as of June 30, 2025 | $ | (1,264) | | | $ | (3) | | | $ | (148) | | | $ | (1,415) | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | (DOLLARS IN MILLIONS) | Foreign
Currency
Translation
Adjustments | | Gains (Losses)
on Derivatives
Qualifying as
Hedges | | Pension and
Postretirement
Liability
Adjustment | | Total | | Accumulated other comprehensive loss, net of tax, as of January 1, 2025 | $ | (2,426) | | | $ | (2) | | | $ | (99) | | | $ | (2,527) | | | OCI before reclassifications | 1,114 | | | (1) | | | (1) | | | 1,112 | | | | | | | | | | | Reclassifications due to business divestitures | 48 | | | — | | | (50) | | | (2) | | | Amounts reclassified from AOCI | — | | | — | | | 2 | | | 2 | | | Net current period other comprehensive income (loss) | 1,162 | | | (1) | | | (49) | | | 1,112 | | | Accumulated other comprehensive loss, net of tax, as of June 30, 2025 | $ | (1,264) | | | $ | (3) | | | $ | (148) | | | $ | (1,415) | |
The following table provides details about reclassifications out of Accumulated other comprehensive loss to the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss): | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Affected Line Item in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) | | (DOLLARS IN MILLIONS) | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Prior service cost | $ | — | | | $ | 1 | | | (1) | | Actuarial losses (gains) | 2 | | | (2) | | | (1) | | | | | | | | | | | | | | Total | $ | 2 | | | $ | (1) | | | Total, net of income taxes |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | Affected Line Item in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) | | (DOLLARS IN MILLIONS) | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Prior service cost | $ | — | | | $ | 1 | | | (1) | | Actuarial losses (gains) | 4 | | | (3) | | | (1) | | | | | | | | | | | | | | Total | $ | 4 | | | $ | (2) | | | Total, net of income taxes |
_______________________ (1)The amortization of prior service cost and actuarial losses (gains) is included in the computation of net periodic benefit cost. Refer to Note 8 for additional information regarding net periodic benefit cost.
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