v3.26.1
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT
 6 Months Ended
Jun. 30, 2026
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT
 
The table below presents the changes in the balances of accumulated other comprehensive loss ("AOCI") by component: 
(In millions)Foreign currency translation adjustmentsTotal AOCI, net of tax
Foreign currency translationNet investment hedges
Before taxTaxBefore taxTax
Three Months Ended June 30, 2026
Balance, March 31, 2026$(416)$103 $15 $(12)$(310)
Other comprehensive (loss) income ("OCI") for the period(41)3 — — (38)
Balance, June 30, 2026$(457)$106 $15 $(12)$(348)
Six Months Ended June 30, 2026
Balance, December 31, 2025$(343)$50 $15 $(12)$(290)
OCI for the period(114)56 — — (58)
Balance, June 30, 2026$(457)$106 $15 $(12)$(348)
Three Months Ended June 30, 2025
Balance, March 31, 2025$(642)$89 $227 $(61)$(387)
OCI for the period295 (50)(210)49 84 
Balance, June 30, 2025$(347)$39 $17 $(12)$(303)
Six Months Ended June 30, 2025
Balance, December 31, 2024$(769)$130 $356 $(92)$(375)
OCI for the period422 (91)(339)80 72 
Balance, June 30, 2025$(347)$39 $17 $(12)$(303)

In 2025 and certain earlier periods, the Company designated certain portions of the aggregate principal value of the Euro-denominated debt (see Note 9) as a hedge of the foreign currency exposure of the net investment in certain Euro functional currency subsidiaries. For the six months ended June 30, 2025, the portion of Euro-denominated debt designated as a net investment hedge ranged in value from $2.3 billion to $4.0 billion.