
	Three Months Ended				Six Months Ended
	June 30,				June 30,
In millions	2026		2025		2026		2025
Beginning balance	$	(1,802)	$	(1,878)	$	(1,827)	$	(1,877)

Foreign currency translation adjustments during the period	57		(89)		100		(136)

Income taxes	(14)		99		(33)		146
Total foreign currency translation adjustments, net of tax	43		10		67		10


Pension and other postretirement benefit adjustments reclassified to income	1		—		3		(1)
Income taxes	—		—		(1)		—
Total pension and other postretirement benefit adjustments, net of tax	1		—		2		(1)

Ending balance	$	(1,758)	$	(1,868)	$	(1,758)	$	(1,868)

Pension and other postretirement benefit adjustments reclassified to income related primarily to the amortization of actuarial gains and losses. Refer to Note 7. Pension and Other Postretirement Benefits for additional information.

The outstanding balances of the Euro notes issued in May 2014, May 2015, June 2019 and May 2024, and the Euro term loan under the Euro Credit Agreement are designated as hedges of a portion of the Company’s net investment in Euro-denominated foreign operations to reduce foreign currency risk associated with the investment in these operations. Changes in the value of this debt resulting from fluctuations in the Euro to U.S. Dollar exchange rate have been recorded as foreign currency translation adjustments within Accumulated other comprehensive income (loss). The amount of pre-tax gain (loss) related to this debt recorded in Other comprehensive income (loss) was a gain of $55 million and a loss of $411 million for the three months ended June 30, 2026 and 2025, respectively, and a gain of $137 million and a loss of $607 million for the six months ended June 30, 2026 and 2025, respectively. The carrying value of the outstanding balance of Euro-denominated debt that was designated as a

net investment hedge as of June 30, 2026 and December 31, 2025 was $4.8 billion and $5.0 billion, respectively. Refer to Note 8. Debt for additional information regarding the Company’s outstanding Euro debt.

As of June 30, 2026 and 2025, the ending balance of Accumulated other comprehensive income (loss) consisted of after-tax cumulative translation adjustment losses of $1.5 billion and $1.6 billion, respectively, and after-tax unrecognized pension and other postretirement benefit costs of $235 million and $267 million, respectively.