Currency Losses (Gains)

3 Months Ended

Jun. 30, 2026

9. CURRENCY LOSSES (GAINS)

The following currency losses are included in other expenses (income), net in the accompanying condensed consolidated statements of operations:


	Three Months Ended June 30,
in millions	2026		2025
(Gains) losses on remeasurement of monetary assets and liabilities, net	$	(13)	$	42
Losses (gains) recognized on balance sheet remeasurement currency exchange contracts, net	13		(41)
Currency losses, net	$	—	$	1

- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

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