Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2025

Changes in each component of other comprehensive income (loss) are as follows:


	Three Months Ended March 31,
($ in millions)	Derivatives			Employee Benefit Plans			Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
Balance January 1, 2024, net of taxes	$	(24)		$	(2,793)		$	(2,344)	$	(5,161)
Other comprehensive income (loss) before reclassification adjustments, pretax	209			5			(225)		(11)
Tax	(44)			(4)			(13)		(61)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	165			1			(238)		(72)
Reclassification adjustments, pretax	(44)		(1)	(15)		(2)	—		(59)
Tax	9			9			—		18
Reclassification adjustments, net of taxes	(35)			(6)			—		(41)
Other comprehensive income (loss), net of taxes	130			(5)			(238)		(113)
Balance March 31, 2024, net of taxes	$	106		$	(2,798)		$	(2,582)	$	(5,274)
Balance January 1, 2025, net of taxes	$	242		$	(2,327)		$	(2,860)	$	(4,945)
Other comprehensive income (loss) before reclassification adjustments, pretax	(201)			(1)			200		(2)
Tax	42			—			15		57
Other comprehensive income (loss) before reclassification adjustments, net of taxes	(159)			(1)			215		55
Reclassification adjustments, pretax	(73)		(1)	(10)		(2)	—		(83)
Tax	15			(7)			—		8
Reclassification adjustments, net of taxes	(58)			(17)			—		(75)
Other comprehensive income (loss), net of taxes	(217)			(18)			215		(20)
Balance March 31, 2025, net of taxes	$	25		$	(2,345)		$	(2,645)	$	(4,965)

(1) Primarily relates to foreign currency cash flow hedges that were reclassified from AOCL to Sales.

(2) Includes net amortization of prior service cost, actuarial gains and losses, settlements and curtailments included in net periodic benefit cost (see Note 9).