The following table displays the changes in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions):


	Derivatives		Pensions		Foreign Currency Translation		Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2025	$	358	$	(18)	$	(1,360)	$	(1,020)
Foreign currency translation adjustment	—		—		(373)		(373)
Net change in fair value of derivatives, net of tax	187		—		—		187
Amounts reclassified to earnings of cash flow hedges, net of tax	(28)		—		—		(28)
Gain (loss) recognized on other, net of tax	—		(5)		—		(5)
Amounts attributable to noncontrolling interests	(33)		1		72		40
Balance at June 30, 2026	$	484	$	(22)	$	(1,661)	$	(1,199)