Accumulated Other Comprehensive LossThe following table details the activity of the three components that comprise Accumulated other comprehensive loss: | | | | | | | | | | | | | | | | | | | | | | | | | Third quarter ended | | Nine months ended | | September 30, | | September 30, | | 2026 | | 2025 | | 2026 | | 2025 | Pension and other postretirement benefits (F) | | | | | | | | | Balance at beginning of period | $ | (584) | | | $ | (666) | | | $ | (592) | | | $ | (672) | | | Other comprehensive income: | | | | | | | | | Unrecognized net actuarial (loss) and prior service cost | (8) | | | (1) | | | (8) | | | (1) | | | Tax benefit | 6 | | | — | | | 6 | | | 1 | | | Total Other comprehensive (loss) before reclassifications, net of tax | (2) | | | (1) | | | (2) | | | — | | Amortization of net actuarial loss and prior service benefit(1) | 6 | | | 4 | | | 16 | | | 10 | | Tax expense(2) | (1) | | | (1) | | | (3) | | | (2) | | Total amount reclassified from Accumulated other comprehensive loss, net of tax(3) | 5 | | | 3 | | | 13 | | | 8 | | | Total Other comprehensive income | 3 | | | 2 | | | 11 | | | 8 | | | | | | | | | | | Balance at end of period | $ | (581) | | | $ | (664) | | | $ | (581) | | | $ | (664) | | | Foreign currency translation | | | | | | | | | Balance at beginning of period | $ | (1,094) | | | $ | (1,045) | | | $ | (1,052) | | | $ | (1,207) | | | | | | | | | | | | | | | | | | Other comprehensive income (loss)(4) | 4 | | | (13) | | | (38) | | | 149 | | | | | | | | | | | Balance at end of period | $ | (1,090) | | | $ | (1,058) | | | $ | (1,090) | | | $ | (1,058) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cash flow hedges | | | | | | | | | Balance at beginning of period | $ | (19) | | | $ | (38) | | | $ | (29) | | | $ | 1 | | | | | | | | | | | Other comprehensive (loss) income: | | | | | | | | Net change from periodic revaluations(5) | (5) | | | 8 | | | 9 | | | (42) | | | Tax benefit (expense) | 1 | | | (2) | | | (2) | | | 9 | | | Total Other comprehensive (loss) income before reclassifications, net of tax | (4) | | | 6 | | | 7 | | | (33) | | Net amount reclassified to earnings(6) | (1) | | | — | | | (2) | | | — | | | | | | | | | | | | | | | | | | | Total Other comprehensive (loss) income | (5) | | | 6 | | | 5 | | | (33) | | | Balance at end of period | $ | (24) | | | $ | (32) | | | $ | (24) | | | $ | (32) | | | | | | | | | | | Accumulated other comprehensive loss | $ | (1,695) | | | $ | (1,754) | | | $ | (1,695) | | | $ | (1,754) | |
(1)These amounts were recorded in Other expense, net (See Note G) in the Statement of Consolidated Operations. (2)These amounts were included in Provision for income taxes (See Note H) in the Statement of Consolidated Operations. (3)A positive amount indicates a corresponding charge to earnings and a negative amount indicates a corresponding benefit to earnings. (4)In all periods presented, no amounts were reclassified to earnings. (5)Includes the change in the cross-currency swaps related to the 6.750% Bonds due 2028 and the 4.850% Notes due 2031 (See Note O). In all periods presented, no amounts related to the changes were reclassified to earnings. The cross-currency swaps were recorded in Other noncurrent liabilities and deferred credits in the Consolidated Balance Sheet. (6)These amounts were recorded in Cost of goods sold in the Statement of Consolidated Operations.
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