XML 67 R43.htm IDEA: XBRL DOCUMENT
v3.25.1

Equity Activity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Stockholders' Equity Note [Abstract] |
Reclassifications and taxes related to items of other comprehensive income |
(Dollars in millions) |  | Before Tax Amount |  | Tax (Expense)/ Benefit |  | Net of Tax Amount
For the three months ended March 31, 2025: |  |  |
Other comprehensive income/(loss): |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | (343) |  |  | $ | 203 |  |  | $ | (139) |
Net changes related to available-for-sale securities: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 8 |  |  | $ | (2) |  |  | $ | 6 |
Reclassification of (gains)/losses to other (income) and expense |  | — |  |  | — |  |  | — |
Total net changes related to available-for-sale securities |  | $ | 8 |  |  | $ | (2) |  |  | $ | 6 |
Unrealized gains/(losses) on cash flow hedges: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | (58) |  |  | $ | 16 |  |  | $ | (42) |
Reclassification of (gains)/losses to: |  |  |  |  |  |
Cost of services |  | 2 |  |  | 0 |  |  | 2 |
Cost of sales |  | (8) |  |  | 2 |  |  | (5) |
Cost of financing |  | 1 |  |  | 0 |  |  | 1 |
SG&A expense |  | (3) |  |  | 1 |  |  | (2) |
Other (income) and expense |  | (322) |  |  | 81 |  |  | (241) |
Interest expense |  | 6 |  |  | (2) |  |  | 5 |
Total unrealized gains/(losses) on cash flow hedges |  | $ | (382) |  |  | $ | 98 |  |  | $ | (283) |
Retirement-related benefit plans: (1) |  |  |  |  |  |
Prior service costs/(credits) |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Net (losses)/gains arising during the period |  | 0 |  |  | 0 |  |  | 0 |
Curtailments and settlements |  | 2 |  |  | 0 |  |  | 2 |
Amortization of prior service costs/(credits) |  | (2) |  |  | 1 |  |  | (1) |
Amortization of net (gains)/losses |  | 151 |  |  | (41) |  |  | 111 |
Total retirement-related benefit plans |  | $ | 151 |  |  | $ | (40) |  |  | $ | 111 |
Other comprehensive income/(loss) |  | $ | (566) |  |  | $ | 259 |  |  | $ | (306) |
(1)These accumulated other comprehensive income (AOCI) components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
(Dollars in millions) |  | Before Tax Amount |  | Tax (Expense)/ Benefit |  | Net of Tax Amount
For the three months ended March 31, 2024: |  |  |
Other comprehensive income/(loss): |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | 55 |  |  | $ | (154) |  |  | $ | (99) |
Net changes related to available-for-sale securities: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Reclassification of (gains)/losses to other (income) and expense |  | — |  |  | — |  |  | — |
Total net changes related to available-for-sale securities |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Unrealized gains/(losses) on cash flow hedges: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 176 |  |  | $ | (47) |  |  | $ | 129 |
Reclassification of (gains)/losses to: |  |  |  |  |  |
Cost of services |  | (4) |  |  | 1 |  |  | (3) |
Cost of sales |  | (12) |  |  | 4 |  |  | (8) |
Cost of financing |  | 2 |  |  | 0 |  |  | 1 |
SG&A expense |  | (3) |  |  | 1 |  |  | (2) |
Other (income) and expense |  | 79 |  |  | (20) |  |  | 59 |
Interest expense |  | 9 |  |  | (2) |  |  | 6 |
Total unrealized gains/(losses) on cash flow hedges |  | $ | 246 |  |  | $ | (63) |  |  | $ | 183 |
Retirement-related benefit plans: (1) |  |  |  |  |  |
Prior service costs/(credits) |  | $ | — |  |  | $ | — |  |  | $ | — |
Net (losses)/gains arising during the period |  | 1 |  |  | 0 |  |  | 0 |
Curtailments and settlements |  | 2 |  |  | 0 |  |  | 2 |
Amortization of prior service costs/(credits) |  | (2) |  |  | 0 |  |  | (1) |
Amortization of net (gains)/losses |  | 261 |  |  | (72) |  |  | 189 |
Total retirement-related benefit plans |  | $ | 262 |  |  | $ | (72) |  |  | $ | 189 |
Other comprehensive income/(loss) |  | $ | 563 |  |  | $ | (289) |  |  | $ | 273 |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
Accumulated other comprehensive income/(loss) (net of tax) |
(Dollars in millions) |  | Foreign Currency Translation Adjustments (1) |  | Net Unrealized Gains/(Losses) on Available- For-Sale Securities |  | Net Unrealized Gains/(Losses) on Cash Flow Hedges |  | Net Change Retirement- Related Benefit Plans |  | Accumulated Other Comprehensive Income/ (Loss)
January 1, 2025 |  | $ | (3,512) |  |  | $ | 0 |  |  | $ | 237 |  |  | $ | (11,994) |  |  | $ | (15,269) |
Other comprehensive income before reclassifications |  | (139) |  |  | 6 |  |  | (42) |  |  | 0 |  |  | (176) |
Amount reclassified from accumulated other comprehensive income |  | — |  |  | — |  |  | (241) |  |  | 111 |  |  | (130) |
Total change for the period |  | $ | (139) |  |  | $ | 6 |  |  | $ | (283) |  |  | $ | 111 |  |  | $ | (306) |
March 31, 2025 |  | $ | (3,651) |  |  | $ | 6 |  |  | $ | (46) |  |  | $ | (11,884) |  |  | $ | (15,575) |
(Dollars in millions) |  | Foreign Currency Translation Adjustments (1) |  | Net Unrealized Gains/(Losses) on Available- For-Sale Securities |  | Net Unrealized Gains/(Losses) on Cash Flow Hedges |  | Net Change Retirement- Related Benefit Plans |  | Accumulated Other Comprehensive Income/ (Loss)
January 1, 2024 |  | $ | (3,488) |  |  | $ | (1) |  |  | $ | (106) |  |  | $ | (15,165) |  |  | $ | (18,761) |
Other comprehensive income before reclassifications |  | (99) |  |  | 0 |  |  | 129 |  |  | 0 |  |  | 30 |
Amount reclassified from accumulated other comprehensive income |  | — |  |  | — |  |  | 54 |  |  | 189 |  |  | 243 |
Total change for the period |  | $ | (99) |  |  | $ | 0 |  |  | $ | 183 |  |  | $ | 189 |  |  | $ | 273 |
March 31, 2024 |  | $ | (3,588) |  |  | $ | (1) |  |  | $ | 76 |  |  | $ | (14,976) |  |  | $ | (18,488) |
(1)Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration