
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
In millions	2026		2025		2026		2025
Beginning balance	$	(1,758)	$	(1,868)	$	(1,827)	$	(1,877)

Foreign currency translation adjustments during the period	48		(2)		148		(138)

Income taxes	(9)		(6)		(42)		140
Total foreign currency translation adjustments, net of tax	39		(8)		106		2


Pension and other postretirement benefit adjustments reclassified to income	1		(1)		4		(2)
Income taxes	—		1		(1)		1
Total pension and other postretirement benefit adjustments, net of tax	1		—		3		(1)

Ending balance	$	(1,718)	$	(1,876)	$	(1,718)	$	(1,876)

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 $39 million and a gain of $23 million for the three months ended September 30, 2026 and 2025, respectively, and a gain of $176 million and a loss of $584 million for the nine months ended September 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 September 30, 2026 and December 31, 2025 was $4.8 billion and $5.0 billion, respectively. Refer to Note 9. Debt for additional information regarding the Company’s outstanding Euro debt.

As of September 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 $234 million and $267 million, respectively.