Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025

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


	Three Months Ended September 30,
($ in millions)	Derivatives			Employee Benefit Plans			Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
Balance July 1, 2024, net of taxes	$	173		$	(2,808)		$	(2,726)	$	(5,361)
Other comprehensive income (loss) before reclassification adjustments, pretax	(325)			—			279		(46)
Tax	68			(3)			20		85
Other comprehensive income (loss) before reclassification adjustments, net of taxes	(257)			(3)			299		39
Reclassification adjustments, pretax	(49)		(1)	(14)		(2)	—		(63)
Tax	10			4			—		14
Reclassification adjustments, net of taxes	(39)			(10)			—		(49)
Other comprehensive income (loss), net of taxes	(296)			(13)			299		(10)
Balance September 30, 2024, net of taxes	$	(123)		$	(2,821)		$	(2,427)	$	(5,371)
Balance July 1, 2025, net of taxes	$	(385)		$	(2,353)		$	(2,683)	$	(5,421)
Other comprehensive income (loss) before reclassification adjustments, pretax	113			93			(64)		142
Tax	(24)			1			39		16
Other comprehensive income (loss) before reclassification adjustments, net of taxes	89			94			(25)		158
Reclassification adjustments, pretax	103		(1)	(22)		(2)	—		81
Tax	(22)			2			—		(20)
Reclassification adjustments, net of taxes	81			(20)			—		61
Other comprehensive income (loss), net of taxes	170			74			(25)		219
Balance September 30, 2025, net of taxes	$	(215)		$	(2,279)		$	(2,708)	$	(5,202)


	Nine Months Ended September 30,
($ 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	22			6			(103)		(75)
Tax	(5)			(5)			—		(10)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	17			1			(103)		(85)
Reclassification adjustments, pretax	(147)		(1)	(44)		(2)	20		(171)
Tax	31			15			—		46
Reclassification adjustments, net of taxes	(116)			(29)			20		(125)
Other comprehensive income (loss), net of taxes	(99)			(28)			(83)		(210)
Balance September 30, 2024, net of taxes	$	(123)		$	(2,821)		$	(2,427)	$	(5,371)
Balance January 1, 2025, net of taxes	$	242		$	(2,327)		$	(2,860)	$	(4,945)
Other comprehensive income (loss) before reclassification adjustments, pretax	(630)			91			270		(269)
Tax	132			—			(118)		14
Other comprehensive income (loss) before reclassification adjustments, net of taxes	(498)			91			152		(255)
Reclassification adjustments, pretax	52		(1)	(40)		(2)	—		12
Tax	(11)			(3)			—		(14)
Reclassification adjustments, net of taxes	41			(43)			—		(2)
Other comprehensive income (loss), net of taxes	(457)			48			152		(257)
Balance September 30, 2025, net of taxes	$	(215)		$	(2,279)		$	(2,708)	$	(5,202)

(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 10).