Accumulated other comprehensive loss (Tables)

6 Months Ended

Jun. 30, 2025

The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, were

as follows:


(In millions)	Foreign Currency Translation Adjustment	Cash Flow Hedges	Defined Benefit Pension and Other Postretirement Benefit Plans	Total
Balance as of March 31, 2025	$(618)	$(5)	$34	$(589)
Other comprehensive income (loss) before reclassifications	222	7	—	229
Amounts reclassified from Accumulated other comprehensive loss to Net income	—	(2)	(1)	(3)
Net current-period Other comprehensive income (loss)	222	5	(1)	226
Unrecognized gain transferred from Parent pension	—	—	2	2
Other comprehensive loss attributable to noncontrolling interests	—	—	—	—
Balance as of June 30, 2025	$(396)	$—	$35	$(361)

Balance as of March 31, 2024	$(414)	$(13)	$(11)	$(438)
Other comprehensive income (loss) before reclassifications	(29)	12	—	(17)
Amounts reclassified from Accumulated other comprehensive loss to Net income	—	(8)	—	(8)
Net current-period Other comprehensive income (loss)	(29)	4	—	(25)
Other comprehensive loss attributable to noncontrolling interests	—	—	—	—
Balance as of June 30, 2024	$(443)	$(9)	$(11)	$(463)


(In millions)	Foreign Currency Translation Adjustment	Cash Flow Hedges	Defined Benefit Pension and Other Postretirement Benefit Plans	Total
Balance as of December 31, 2024	$(634)	$(7)	$35	$(606)
Other comprehensive income (loss) before reclassifications	238	10	—	248
Amounts reclassified from Accumulated other comprehensive loss to Net income	—	(3)	(2)	(5)
Net current-period Other comprehensive income (loss)	238	7	(2)	243
Unrecognized gain transferred from Parent pension	—	—	2	2
Other comprehensive loss attributable to noncontrolling interests	—	—	—	—
Balance as of June 30, 2025	$(396)	$—	$35	$(361)

Balance as of December 31, 2023	$(290)	$(16)	$(11)	$(317)
Other comprehensive income (loss) before reclassifications	(153)	1	1	(151)
Amounts reclassified from Accumulated other comprehensive loss to Net income	—	6	(1)	5
Net current-period Other comprehensive income (loss)	(153)	7	—	(146)
Other comprehensive loss attributable to noncontrolling interests	—	—	—	—
Balance as of June 30, 2024	$(443)	$(9)	$(11)	$(463)

The following amounts were reclassified from Accumulated other comprehensive loss to Net income:


	For the three months ended June 30,		For the six months ended June 30,
(In millions)	2025	2024	2025	2024
Net change in fair value of effective portion of cash flow hedges
Cost of revenues	$(3)	$(13)	$(4)	$6
Income tax (benefit) expense	1	5	1	—
Total	$(2)	$(8)	$(3)	$6
Actuarial losses and prior service costs for defined benefit pension plans and other postretirement benefit plans
Other non-operating income, net	$(1)	$—	$(2)	$(1)
Income tax (benefit) expense	—	—	—	—
Total	$(1)	$—	$(2)	$(1)
Total amounts reclassified from Accumulated other comprehensive income (loss) to Net income	$(3)	$(8)	$(5)	$5