| Equity |
Note 17: Equity Accumulated Other Comprehensive Loss. A summary of the changes in each component of Accumulated other comprehensive loss, net of tax for the quarters and nine months ended September 30, 2026 and 2025 is provided below: | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | Foreign Currency Translation (1) | | Defined Benefit Pension and Postretirement Plans | | Unrealized Hedging Gains (Losses) | | Accumulated Other Comprehensive Loss | | Quarter Ended September 30, 2026 | | | | | | | | | Balance at June 30, 2026 | $ | 116 | | | $ | (3,323) | | | $ | (102) | | | $ | (3,309) | | | Other comprehensive income (loss) before reclassifications, net | 33 | | | (6) | | | (3) | | | 24 | | | Amounts reclassified, pre-tax | — | | | (26) | | | (7) | | | (33) | | | Tax benefit (expense) | 4 | | | 6 | | | — | | | 10 | | | Balance at September 30, 2026 | $ | 153 | | | $ | (3,349) | | | $ | (112) | | | $ | (3,308) | | | | | | | | | | | Nine Months Ended September 30, 2026 | | | | | | | | | Balance at December 31, 2025 | $ | 492 | | | $ | (3,304) | | | $ | 94 | | | $ | (2,718) | | | Other comprehensive (loss) income before reclassifications, net | (319) | | | 11 | | | (232) | | | (540) | | | Amounts reclassified, pre-tax | — | | | (75) | | | (26) | | | (101) | | | Tax (expense) benefit | (20) | | | 19 | | | 52 | | | 51 | | | Balance at September 30, 2026 | $ | 153 | | | $ | (3,349) | | | $ | (112) | | | $ | (3,308) | |
(1)The amount of foreign currency translation recognized in Other Comprehensive (Loss) Income (OCI) includes gains (losses) relating to net investment hedges, as further discussed in “Note 12: Financial Instruments”. | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | Foreign Currency Translation (1) | | Defined Benefit Pension and Postretirement Plans | | Unrealized Hedging Gains (Losses) | | Accumulated Other Comprehensive Loss | | Quarter Ended September 30, 2025 | | | | | | | | | Balance at June 30, 2025 | $ | 414 | | | $ | (2,896) | | | $ | 91 | | | $ | (2,391) | | | Other comprehensive income (loss) before reclassifications, net | 29 | | | 20 | | | (57) | | | (8) | | | Amounts reclassified, pre-tax | (13) | | | (32) | | | (8) | | | (53) | | | Tax benefit (expense) | (1) | | | 7 | | | 14 | | | 20 | | | | | | | | | | | Balance at September 30, 2025 | $ | 429 | | | $ | (2,901) | | | $ | 40 | | | $ | (2,432) | | | | | | | | | | | Nine Months Ended September 30, 2025 | | | | | | | | | Balance at December 31, 2024 | $ | (949) | | | $ | (2,679) | | | $ | (127) | | | $ | (3,755) | | | Other comprehensive income (loss) before reclassifications, net | 1,391 | | | (159) | | | 202 | | | 1,434 | | | Amounts reclassified, pre-tax | (13) | | | (109) | | | 15 | | | (107) | | | Tax benefit (expense) | — | | | 46 | | | (50) | | | (4) | | | | | | | | | | | Balance at September 30, 2025 | $ | 429 | | | $ | (2,901) | | | $ | 40 | | | $ | (2,432) | |
(1)The amount of foreign currency translation recognized in OCI includes gains (losses) relating to net investment hedges, as further discussed in “Note 12: Financial Instruments”.
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