 

Pretax

 

Tax (Expense)

 

Net-of-Tax

(Dollars in millions)

 

Amount

 

Benefit

 

Amount

For the three months ended June 30, 2026:

Foreign currency translation adjustments:

Foreign currency translation adjustments

$

(16)

$

—

$

(16)

Unrealized gains (losses) on net investment hedges

14

—

14

Total foreign currency translation adjustments

$

(2)

$

—

$

(2)

Unrealized gains (losses) on cash flow hedges:

Unrealized gains (losses) arising during the period

$

6

$

—

$

6

Reclassification of (gains) losses to net income

—

(1)

Total unrealized gains (losses) on cash flow hedges

$

6

$

—

$

6

Retirement-related benefit plans:

Amortization of prior service costs (credits)

$

2

$

—

$

1

Amortization of net (gains) losses

—

Total retirement-related benefit plans

$

2

$

—

$

2

Other comprehensive income (loss)

$

6

$

(1)

$

6

For the three months ended June 30, 2025:

Foreign currency translation adjustments:

Foreign currency translation adjustments

$

222

$

—

$

222

Unrealized gains (losses) on net investment hedges

(152)

—

(152)

Total foreign currency translation adjustments

$

71

$

—

$

71

Unrealized gains (losses) on cash flow hedges:

Unrealized gains (losses) arising during the period

$

(10)

$

1

$

(9)

Reclassification of (gains) losses to net income

2

—

2

Total unrealized gains (losses) on cash flow hedges

$

(8)

$

1

$

(7)

Retirement-related benefit plans – amortization of net (gains) losses

$

3

$

(1)

$

2

Other comprehensive income (loss)

$

66

$

—

$

66