Accumulated other comprehensive loss

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Accumulated other comprehensive loss

Note 17. Accumulated other comprehensive loss

The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, were

as follows:


(In millions)		Foreign Currency Translation Adjustment		Cash Flow Hedges		Defined Benefit Pension Plans and Other Postretirement Benefit Plans		Total
Balance as of March 31, 2026		$(484)		$12		$39		$(433)
Other comprehensive income (loss) before reclassifications		(94)		(11)		—		(105)
Amounts reclassified from Accumulated other comprehensive loss to Net income		—		6		(1)		5
Net current-period Other comprehensive income (loss)		(94)		(5)		(1)		(100)
Balance as of June 30, 2026		$(578)		$7		$38		$(533)

Balance as of March 31, 2025		$(607)		$1		$34		$(572)
Other comprehensive income (loss) before reclassifications		222		1		—		223
Amounts reclassified from Accumulated other comprehensive loss to Net income		—		(2)		(1)		(3)
Net current-period Other comprehensive income (loss)		222		(1)		(1)		220
Unrecognized gain transferred from Holcim pension		—		—		2		2
Balance as of June 30, 2025		$(385)		$—		$35		$(350)


(In millions)		Foreign Currency Translation Adjustment		Cash Flow Hedges		Defined Benefit Pension Plans and Other Postretirement Benefit Plans		Total
Balance as of December 31, 2025		$(420)		$(1)		$41		$(380)
Other comprehensive income (loss) before reclassifications		(158)		—		—		(158)
Amounts reclassified from Accumulated other comprehensive loss to Net income		—		8		(3)		5
Net current-period Other comprehensive income (loss)		(158)		8		(3)		(153)
Balance as of June 30, 2026		$(578)		$7		$38		$(533)

Balance as of December 31, 2024		$(623)		$(7)		$35		$(595)
Other comprehensive (loss) income before reclassifications		238		10		—		248
Amounts reclassified from Accumulated other comprehensive loss to Net income		—		(3)		(2)		(5)
Net current-period Other comprehensive (loss) income		238		7		(2)		243
Unrecognized gain transferred from Holcim pension		—		—		2		2
Balance as of June 30, 2025		$(385)		$—		$35		$(350)

The following amounts were reclassified from Accumulated other comprehensive loss to Net income:


	For the three months				For the six months
	ended June 30,				ended June 30,
(In millions)	2026		2025		2026		2025
Net change in fair value of effective portion of cash flow hedges
Cost of revenues	$8		$(3)		$10		$(4)
Income tax benefit (expense)	(2)		1		(2)		1
Total	$6		$(2)		$8		$(3)
Actuarial losses and prior service costs for defined benefit pension plans and other postretirement benefit plans
Other non-operating income, net	$(1)		$(1)		$(3)		$(2)
Income tax benefit (expense)	—		—		—		—
Total	$(1)		$(1)		$(3)		$(2)
Total amounts reclassified from Accumulated other comprehensive loss to Net income	$5		$(3)		$5		$(5)

The Company releases tax effects from Accumulated other comprehensive loss when the underlying items

affect earnings.