The changes in accumulated other comprehensive (loss) income (“AOCI”) by component as of June 30, 2026 and June 30, 2025, net of aggregate tax (benefit) expense of $(6) and $10 for each period, respectively, were as follows:
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Changes in value of financial instruments designated as cash flow hedges |
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Foreign currency translation adjustments |
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Change in net investment hedge |
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Unrecognized pension gain (loss) |
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Total |
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Balance at December 31, 2025 |
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$ |
1 |
|
|
$ |
(55 |
) |
|
$ |
(52 |
) |
|
$ |
13 |
|
|
$ |
(93 |
) |
Other comprehensive income (loss) before reclassifications |
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|
5 |
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(34 |
) |
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|
49 |
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|
3 |
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|
23 |
|
Amounts reclassified out of AOCI |
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(1 |
) |
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— |
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|
|
— |
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|
|
— |
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|
|
(1 |
) |
Net other comprehensive income (loss) |
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|
4 |
|
|
|
(34 |
) |
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|
49 |
|
|
|
3 |
|
|
|
22 |
|
Balance at March 31, 2026 |
|
$ |
5 |
|
|
$ |
(89 |
) |
|
$ |
(3 |
) |
|
$ |
16 |
|
|
$ |
(71 |
) |
Other comprehensive income (loss) before reclassifications |
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|
1 |
|
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|
25 |
|
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|
6 |
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(2 |
) |
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|
30 |
|
Amounts reclassified out of AOCI |
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|
1 |
|
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|
— |
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|
— |
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|
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(1 |
) |
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|
— |
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Net other comprehensive income (loss) |
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|
2 |
|
|
|
25 |
|
|
|
6 |
|
|
|
(3 |
) |
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|
30 |
|
Balance at June 30, 2026 |
|
$ |
7 |
|
|
$ |
(64 |
) |
|
$ |
3 |
|
|
$ |
13 |
|
|
$ |
(41 |
) |
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|
|
Changes in value of financial instruments designated as cash flow hedges |
|
|
Foreign currency translation adjustments |
|
|
Change in net investment hedge |
|
|
Unrecognized pension gain (loss) |
|
|
Total |
|
Balance at December 31, 2024 |
|
$ |
30 |
|
|
$ |
(292 |
) |
|
$ |
11 |
|
|
$ |
3 |
|
|
$ |
(248 |
) |
Other comprehensive income (loss) before reclassifications |
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|
(26 |
) |
|
|
54 |
|
|
|
(19 |
) |
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|
4 |
|
|
|
13 |
|
Amounts reclassified out of AOCI |
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|
10 |
|
|
|
— |
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|
|
— |
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|
— |
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|
10 |
|
Net other comprehensive income (loss) |
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|
(16 |
) |
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|
54 |
|
|
|
(19 |
) |
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|
4 |
|
|
|
23 |
|
Balance at March 31, 2025 |
|
$ |
14 |
|
|
$ |
(238 |
) |
|
$ |
(8 |
) |
|
$ |
7 |
|
|
$ |
(225 |
) |
Other comprehensive income (loss) before reclassifications |
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|
(16 |
) |
|
|
191 |
|
|
|
(40 |
) |
|
|
— |
|
|
|
135 |
|
Amounts reclassified out of AOCI |
|
|
7 |
|
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
6 |
|
Net other comprehensive income (loss) |
|
|
(9 |
) |
|
|
190 |
|
|
|
(40 |
) |
|
|
— |
|
|
|
141 |
|
Balance at June 30, 2025 |
|
$ |
5 |
|
|
$ |
(48 |
) |
|
$ |
(48 |
) |
|
$ |
7 |
|
|
$ |
(84 |
) |
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