v3.26.1
Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Changes in Components of AOCL

The changes in components of AOCL consisted of the following (dollars in millions):

 

 

 

Three Months Ended

 

 

 

Pension
and OPEB
liability
adjustments

 

 

Interest rate swaps

 

 

Cross-currency swaps

 

 

Foreign
currency
items

 

 

Total

 

AOCL as of March 31, 2025

 

$

(4

)

 

$

4

 

 

$

—

 

 

$

(47

)

 

$

(47

)

Other comprehensive income before reclassifications

 

 

—

 

 

 

1

 

 

 

—

 

 

 

13

 

 

 

14

 

Amounts reclassified from AOCL

 

 

(2

)

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

(4

)

Net current period other comprehensive (loss) income

 

$

(2

)

 

$

(1

)

 

$

—

 

 

$

13

 

 

$

10

 

AOCL as of June 30, 2025

 

$

(6

)

 

$

3

 

 

$

—

 

 

$

(34

)

 

$

(37

)

AOCL as of March 31, 2026

 

$

(21

)

 

$

—

 

 

$

—

 

 

$

(68

)

 

$

(89

)

Other comprehensive income before reclassifications

 

 

—

 

 

 

—

 

 

 

(7

)

 

 

(38

)

 

 

(45

)

Amounts reclassified from AOCL

 

 

(1

)

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(2

)

Income tax benefit

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

2

 

Net current period other comprehensive loss

 

$

(1

)

 

$

—

 

 

$

(6

)

 

$

(38

)

 

$

(45

)

AOCL as of June 30, 2026

 

$

(22

)

 

$

—

 

 

$

(6

)

 

$

(106

)

 

$

(134

)

 

 

 

 

 

Six Months Ended

 

 

 

Pension
and OPEB
liability
adjustments

 

 

Interest rate swaps

 

 

Cross-currency swaps

 

 

Foreign
currency
items

 

 

Total

 

AOCL as of December 31, 2024

 

$

(3

)

 

$

5

 

 

$

—

 

 

$

(53

)

 

$

(51

)

Other comprehensive income before reclassifications

 

 

—

 

 

 

1

 

 

 

—

 

 

 

19

 

 

 

20

 

Amounts reclassified from AOCL

 

 

(4

)

 

 

(4

)

 

 

—

 

 

 

—

 

 

 

(8

)

Income tax benefit

 

 

1

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

2

 

Net current period other comprehensive (loss) income

 

$

(3

)

 

$

(2

)

 

$

—

 

 

$

19

 

 

$

14

 

AOCL as of June 30, 2025

 

$

(6

)

 

$

3

 

 

$

—

 

 

$

(34

)

 

$

(37

)

AOCL as of December 31, 2025

 

$

(20

)

 

$

—

 

 

$

—

 

 

$

(36

)

 

$

(56

)

Other comprehensive income before reclassifications

 

 

—

 

 

 

—

 

 

 

(7

)

 

 

(70

)

 

 

(77

)

Amounts reclassified from AOCL

 

 

(2

)

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(3

)

Income tax benefit

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

2

 

Net current period other comprehensive loss

 

$

(2

)

 

$

—

 

 

$

(6

)

 

$

(70

)

 

$

(78

)

AOCL as of June 30, 2026

 

$

(22

)

 

$

—

 

 

$

(6

)

 

$

(106

)

 

$

(134

)

 
Condensed Consolidated Statements of Comprehensive Income affected by reclassifications from AOCL

The following table shows the location in the Condensed Consolidated Statements of Comprehensive Income affected by reclassifications from AOCL (dollars in millions):

 

 

 

Amounts reclassified from AOCL

 

 

 

AOCL Components

 

Three Months Ended June 30, 2026

 

 

Three Months Ended June 30, 2025

 

 

Affected line item in the Condensed
Consolidated Statements of
Comprehensive Income

Cross-currency swaps

 

$

1

 

 

$

—

 

 

Interest expense, net

Interest rate swaps

 

 

—

 

 

 

2

 

 

Interest expense, net

Prior service credit

 

 

1

 

 

 

1

 

 

Other (expense) income, net

Recognized actuarial gain

 

 

—

 

 

 

1

 

 

Other (expense) income, net

Total reclassifications, before tax

 

$

2

 

 

$

4

 

 

Income before income taxes

Income tax expense

 

 

—

 

 

 

(1

)

 

Income tax expense

Total reclassifications, net of tax

 

$

2

 

 

$

3

 

 

 

 

 

 

Amounts reclassified from AOCL

 

 

 

AOCL Components

 

Six Months Ended June 30, 2026

 

 

Six Months Ended June 30, 2025

 

 

Affected line item in the Condensed
Consolidated Statements of
Comprehensive Income

Prior service credit

 

$

2

 

 

$

2

 

 

Other (expense) income, net

Cross-currency swaps

 

 

1

 

 

 

—

 

 

Interest expense, net

Interest rate swaps

 

 

—

 

 

 

4

 

 

Interest expense, net

Recognized actuarial gain

 

 

—

 

 

 

2

 

 

Other (expense) income, net

Total reclassifications, before tax

 

$

3

 

 

$

8

 

 

Income before income taxes

Income tax expense

 

 

(1

)

 

 

(2

)

 

Income tax expense

Total reclassifications, net of tax

 

$

2

 

 

$

6