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Accumulated Other Comprehensive Income (Loss) | 6 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income or loss (“AOCI”) represents the cumulative balance of other comprehensive income, net of tax, as of the balance sheet date. For the Company, AOCI is composed of adjustments related to pension and other postretirement benefit plans, derivatives designated as hedges, and foreign currency translation adjustments. Changes in the AOCI balances for the three and six months ended June 30, 2026 and 2025 by component are shown in the following tables:
(In millions) | Pension and Other Postretirement Benefits (1) |  | Derivatives Designated as Hedges (1) |  | Foreign Currency Translation and Other (1) |  | Total (1)
Beginning balance, December 31, 2025 | $ | (7) |  |  | $ | (18) |  |  | $ | 306 |  |  | $ | 281 |
Other comprehensive income before reclassification | — |  |  | (1) |  |  | (13) |  |  | (14) |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (1) |  |  | (4) |  |  | (5) |
Balance, March 31, 2026 | (7) |  |  | (20) |  |  | 289 |  |  | 262 |
Other comprehensive income (loss) before reclassification | — |  |  | 4 |  |  | (15) |  |  | (11) |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (2) |  |  | (5) |  |  | (7) |
Ending balance, June 30, 2026 | $ | (7) |  |  | $ | (18) |  |  | $ | 269 |  |  | $ | 244 |
(1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three and six months ended June 30, 2026 were immaterial. Reclassification adjustments for derivatives designated as hedges were $2 million and $4 million of benefit for the three- and six-month periods, respectively. Reclassification adjustments for foreign currency translation related to net investment hedges were $4 million of benefit for both the three and six months ended June 30, 2026. All amounts are presented net of tax.
(In millions) | Pension and Other Postretirement Benefits (1) |  | Derivatives Designated as Hedges (1) |  | Foreign Currency Translation |  | Total (1)
Beginning balance, December 31, 2024 | $ | (113) |  |  | $ | 2 |  |  | $ | (113) |  |  | $ | (224) |
Other comprehensive income (loss) before reclassification | 2 |  |  | (17) |  |  | 154 |  |  | 139 |
Amounts reclassified from accumulated other comprehensive income | 110 |  |  | (3) |  |  | — |  |  | 107 |
Balance, March 31, 2025 | (1) |  |  | (18) |  |  | 41 |  |  | 22 |
Other comprehensive income (loss) before reclassification | — |  |  | (1) |  |  | 269 |  |  | 268 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (3) |  |  | — |  |  | (3) |
Ending balance, June 30, 2025 | $ | (1) |  |  | $ | (22) |  |  | $ | 310 |  |  | $ | 287 |
(1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the six months ended June 30, 2025 were $147 million of charges to pension expense, other than service cost, net of $37 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $5 million of benefit, including $2 million recognized in interest expense and $3 million recognized in other income, net of related income tax effects. There were no reclassification adjustments related to foreign currency translation for the six months ended June 30, 2025.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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