Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2026

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

Note 18. Accumulated Other Comprehensive Income

The changes in AOCI by component are set forth below:


			Three Months Ended September 30,												Nine Months Ended September 30,
(in millions)			2026						2025						2026						2025
Foreign Exchange Translation Adjustment
Balance at beginning of period			$	(72)					$	(115)					$	(110)					$	(27)
Other comprehensive (loss) income before reclassifications			8						3						46						(85)

Tax effect			—						—						—						—
Balance at end of period			(64)						(112)						(64)						(112)

Changes in Fair Value of Effective Cash Flow Hedges (1)
Balance at beginning of period			7						9						(6)						(10)
Other comprehensive (loss) income before reclassifications			19						5						62						51
Reclassification of (income) loss on forward currency exchange contracts to Cost of goods sold			(5)						1						(13)						1
Reclassification of (income) loss on cross-currency and interest rate swaps to Interest expense			—						—						—						4
Reclassification of (income) loss on cross-currency swaps to Non-operating (income) expense			(2)						(1)						(19)						(65)
Tax effect			(1)						—						(6)						33
Balance at end of period			18						14						18						14

Changes in Fair Value of Net Investment Hedges
Balance at beginning of period			27						(38)						(6)						125
Other comprehensive (loss) income before reclassifications			10						6						52						(171)

Tax effect			(2)						(1)						(11)						13
Balance at end of period			35						(33)						35						(33)

Pension Adjustments




Balance at beginning and end of period			(16)						(15)						(16)						(15)

Total AOCI Ending Balance			$	(27)					$	(146)					$	(27)					$	(146)

(1)Certain prior period amounts have been reclassified to conform to current period presentation. This reclassification had no effect on previously reported changes in AOCI.