| Other Comprehensive (Loss) Income |
Other Comprehensive (Loss) Income The changes, net of tax, in the balances of each component of AOCI for the three and nine months ended September 30, 2026 and 2025, including amounts reclassified out of AOCI, are as follows: | | | | | | | | | | | | | | | | | | | | | (In millions) | | | Pension/Post-Retirement Plans Gains (Losses) | | Foreign Currency Translation Adjustments | | Total | Balance at July 1, 2026 | | | $ | (3,598) | | | $ | (1,977) | | | $ | (5,575) | | | Other comprehensive (loss) income before reclassifications | | | (5) | | | 48 | | | 43 | | Amounts reclassified from accumulated other comprehensive income | | | 18 | | | — | | | 18 | | | Net current period other comprehensive income (loss) | | | 13 | | | 48 | | | 61 | | Balance at September 30, 2026 (a) | | | $ | (3,585) | | | $ | (1,929) | | | $ | (5,514) | |
| | | | | | | | | | | | | | | | | | | | | (In millions) | | | Pension/Post-Retirement Plans Gains (Losses) | | Foreign Currency Translation Adjustments | | Total | Balance at July 1, 2025 | | | $ | (3,632) | | | $ | (1,612) | | | $ | (5,244) | | | Other comprehensive (loss) income before reclassifications | | | 58 | | | (263) | | | (205) | | Amounts reclassified from accumulated other comprehensive income | | | 8 | | | — | | | 8 | | | Net current period other comprehensive (loss) income | | | 66 | | | (263) | | | (197) | | Balance at September 30, 2025 (a) | | | $ | (3,566) | | | $ | (1,875) | | | $ | (5,441) | |
(a)At each September 30, 2026 and 2025, balances are net of deferred tax assets in pension and post-retirement plans gains (losses) of $1.6 billion. | | | | | | | | | | | | | | | | | | | | | (In millions) | | | Pension/Post-Retirement Plans Gains (Losses) | | Foreign Currency Translation Adjustments | | Total | Balance at January 1, 2026 | | | $ | (3,707) | | | $ | (1,722) | | | $ | (5,429) | | | Other comprehensive income (loss) before reclassifications | | | 68 | | | (207) | | | (139) | | | Amounts reclassified from accumulated other comprehensive income | | | 54 | | | — | | | 54 | | | Net current period other comprehensive (loss) income | | | 122 | | | (207) | | | (85) | | Balance at September 30, 2026 (a) | | | $ | (3,585) | | | $ | (1,929) | | | $ | (5,514) | |
| | | | | | | | | | | | | | | | | | | | | (In millions) | | | Pension/Post-Retirement Plans Gains (Losses) | | Foreign Currency Translation Adjustments | | Total | Balance at January 1, 2025 | | | $ | (3,408) | | | $ | (2,832) | | | $ | (6,240) | | | Other comprehensive (loss) income before reclassifications | | | (182) | | | 957 | | | 775 | | Amounts reclassified from accumulated other comprehensive income | | | 24 | | | — | | | 24 | | | Net current period other comprehensive income (loss) | | | (158) | | | 957 | | | 799 | | Balance at September 30, 2025 (a) | | | $ | (3,566) | | | $ | (1,875) | | | $ | (5,441) | |
(a)At each September 30, 2026 and 2025, balances are net of deferred tax assets in pension and post-retirement plans gains (losses) of $1.6 billion. The components of other comprehensive (loss) income for the three and nine months ended September 30, 2026 and 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | 2026 | | 2025 | | (In millions) | Pre-Tax | Tax (Credit) | Net of Tax | | Pre-Tax | Tax (Credit) | Net of Tax | | Foreign currency translation adjustments | $ | 47 | | $ | (1) | | $ | 48 | | | $ | (263) | | $ | — | | $ | (263) | | | | | | | | | | | Pension/post-retirement plans: | | | | | | | | | Amortization of losses (gains) included in net benefit (credit) cost: | | | | | | | | Prior service credits (a) | 1 | | — | | 1 | | | 1 | | — | | 1 | | Net actuarial losses (a) | 23 | | 6 | | 17 | | | 10 | | 3 | | 7 | | | Subtotal | 24 | | 6 | | 18 | | | 11 | | 3 | | 8 | | | Foreign currency translation adjustments | (9) | | (2) | | (7) | | | 79 | | 20 | | 59 | | | | | | | | | | | Effect of remeasurement | — | | — | | — | | | (1) | | — | | (1) | | | | | | | | | | | Effect of settlement | 3 | | 1 | | 2 | | | — | | — | | — | | | | | | | | | | | | | | | | | | | Pension/post-retirement plans gains (losses) | 18 | | 5 | | 13 | | | 89 | | 23 | | 66 | | | Other comprehensive (loss) income | $ | 65 | | $ | 4 | | $ | 61 | | | $ | (174) | | $ | 23 | | $ | (197) | | |
(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses is included in income tax expense. | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, | 2026 | | 2025 | | (In millions) | Pre-Tax | Tax (Credit) | Net of Tax | | Pre-Tax | Tax (Credit) | Net of Tax | | Foreign currency translation adjustments | $ | (197) | | $ | 10 | | $ | (207) | | | $ | 926 | | $ | (31) | | $ | 957 | | | | | | | | | | | Pension/post-retirement plans: | | | | | | | | | Amortization of losses (gains) included in net benefit (credit) cost: | | | | | | | | Prior service credits (a) | 1 | | — | | 1 | | | 1 | | — | | 1 | | Net actuarial losses (a) | 70 | | 17 | | 53 | | | 31 | | 8 | | 23 | | | Subtotal | 71 | | 17 | | 54 | | | 32 | | 8 | | 24 | | | Foreign currency translation adjustments | 85 | | 21 | | 64 | | | (245) | | (58) | | (187) | | | | | | | | | | | Effect of remeasurement | — | | — | | — | | | (4) | | (1) | | (3) | | | | | | | | | | | Effect of settlement | 5 | | 1 | | 4 | | | 10 | | 2 | | 8 | | | | | | | | | | | | | | | | | | | Pension/post-retirement plans gains (losses) | 161 | | 39 | | 122 | | | (207) | | (49) | | (158) | | | Other comprehensive (loss) income | $ | (36) | | $ | 49 | | $ | (85) | | | $ | 719 | | $ | (80) | | $ | 799 | |
(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.
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