v3.26.3
Changes in Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The changes in accumulated other comprehensive loss attributable to Versigent (net of tax) for the three and nine months ended September 30, 2026 and 2025 are shown below:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(in millions)
Foreign currency translation adjustments:
Balance at beginning of period$(277)$(281)$(263)$(337)
Aggregate adjustment for the period 4 (6)(37)50 
Net transfers from Former Parent— — 27 — 
Balance at end of period(273)(287)(273)(287)
Gains (losses) on derivatives:
Balance at beginning of period106 — — — 
Other comprehensive income before reclassifications (net tax effect of $0, $0, $(24) and $0)
3 — 139 — 
Reclassification to income (net tax effect of $6, $0, $11 and $0)
(33)— (63)— 
Balance at end of period76 — 76 — 
Pension and postretirement plans:
Balance at beginning of period(6)(4)(5)(4)
Other comprehensive loss before reclassifications (net tax effect of $0, $0, $(1) and $0)
— — (3)— 
Reclassification to income (nil net tax effect for all periods presented)
1 1 3 1 
Balance at end of period(5)(3)(5)(3)
Accumulated other comprehensive loss, end of period$(202)$(290)$(202)$(290)
Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Income
Reclassifications from accumulated other comprehensive income (loss) to income for the three and nine months ended September 30, 2026 and 2025 were as follows:
Reclassification Out of Accumulated Other Comprehensive Income (Loss)
Details About Accumulated Other Comprehensive Income ComponentsThree Months Ended September 30,Nine Months Ended September 30,Affected Line Item in the Statements of Operations
2026202520262025
(in millions)
Gains (losses) on derivatives:
Commodity derivatives$19 $— $35 $— Cost of sales
Foreign currency derivatives20 — 39 — Cost of sales
39 — 74 — Income before income taxes and equity income
(6)— (11)— Income tax expense
33 — 63 — Net income
— — — — Net income attributable to noncontrolling interest
$33 $— $63 $— Net income attributable to Versigent
Pension and postretirement plans:
Actuarial loss$— $(1)$— $(1)Other expense, net (1)
Settlement loss(1)— (3)— Other expense, net (1)
(1)(1)(3)(1)Income before income taxes and equity income
— — — — Income tax expense
(1)(1)(3)(1)Net income
— — — — Net income attributable to noncontrolling interest
$(1)$(1)$(3)$(1)Net income attributable to Versigent
Total reclassifications for the period$32 $(1)$60 $(1)
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 11. Pension Benefits for additional details).