Note 13—Accumulated Other Comprehensive Loss
Information Relating to 2026
The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheet by component:
| | | | | | | | | | | | | | | | | | | | | | | | | Pension Plans | | Post-Retirement Benefit Plans | | Foreign Currency Translation Adjustment and Other | | Total | | (Dollars in millions) | | Balance as of December 31, 2025 | $ | (848) | | | 271 | | | (24) | | | (601) | | | Other comprehensive income before reclassifications | — | | | — | | | 3 | | | 3 | | | Amounts reclassified from accumulated other comprehensive loss | 70 | | | (23) | | | — | | | 47 | | | Net current-period other comprehensive income (loss) | 70 | | | (23) | | | 3 | | | 50 | | | Balance as of September 30, 2026 | $ | (778) | | | 248 | | | (21) | | | (551) | |
The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component:
| | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | | Decrease (Increase)
in Net Income | | Affected Line Item in Consolidated Statement of Operations | | | (Dollars in millions) | | | Amortization of pension & post-retirement plans(1) | | | | | | Net actuarial loss | | $ | 22 | | | Other income, net | | Prior service credit | | (2) | | | Other income, net | | Total before tax | | 20 | | | | | Income tax benefit | | (4) | | | Income tax (benefit) expense | | Net of tax | | $ | 16 | | | |
| | | | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | | Decrease (Increase)
in Net Income | | Affected Line Item in Consolidated Statement of Operations | | | (Dollars in millions) | | | Amortization of pension & post-retirement plans(1) | | | | | | Net actuarial loss | | $ | 73 | | | Other income, net | | Prior service credit | | (11) | | | Other income, net | | Total before tax | | 62 | | | | | Income tax benefit | | (15) | | | Income tax expense (benefit) | | Net of tax | | $ | 47 | | | |
________________________________________________________________________ (1)See Note 7—Employee Benefits for additional information on our net periodic benefit expense related to our pension and post-retirement plans. Information Relating to 2025
The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheets by component:
| | | | | | | | | | | | | | | | | | | | | | | | | Pension Plans | | Post-Retirement Benefit Plans | | Foreign Currency Translation Adjustment and Other | | Total | | (Dollars in millions) | | Balance as of December 31, 2024 | $ | (1,003) | | | 320 | | | (40) | | | (723) | | | Other comprehensive income before reclassifications | — | | | — | | | 14 | | | 14 | | | Amounts reclassified from accumulated other comprehensive loss | 81 | | | (19) | | | — | | | 62 | | | Net current-period other comprehensive income (loss) | 81 | | | (19) | | | 14 | | | 76 | | | Balance as of September 30, 2025 | $ | (922) | | | 301 | | | (26) | | | (647) | |
The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component:
| | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | Decrease (Increase)
in Net Income | | Affected Line Item in Consolidated Statement of Operations | | | (Dollars in millions) | | | Amortization of pension & post-retirement plans(1) | | | | | | Net actuarial loss | | $ | 30 | | | Other income, net | | Prior service credit | | (3) | | | Other income, net | | Total before tax | | 27 | | | | | Income tax benefit | | (6) | | | Income tax (benefit) expense | | Net of tax | | $ | 21 | | | |
| | | | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | | Decrease (Increase)
in Net Income | | Affected Line Item in Consolidated Statement of Operations | | | (Dollars in millions) | | | Amortization of pension & post-retirement plans(1) | | | | | | Net actuarial loss | | $ | 89 | | | Other income, net | | Prior service credit | | (7) | | | Other income, net | | Total before tax | | 82 | | | | | Income tax benefit | | (20) | | | Income tax expense (benefit) | | Net of tax | | $ | 62 | | | |
________________________________________________________________________ (1)See Note 7—Employee Benefits for additional information on our net periodic benefit expense related to our pension and post-retirement plans.
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