XML 68 R24.htm IDEA: XBRL DOCUMENT
v3.25.2

Equity Activity | 6 Months Ended
--- | ---
Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Equity Activity | Equity Activity: 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 June 30, 2025: |  |  |
Other comprehensive income/(loss): |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | (613) |  |  | $ | 399 |  |  | $ | (215) |
Net changes related to available-for-sale securities: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | (5) |  |  | $ | 1 |  |  | $ | (4) |
Reclassification of (gains)/losses to other (income) and expense |  | — |  |  | — |  |  | — |
Total net changes related to available-for-sale securities |  | $ | (5) |  |  | $ | 1 |  |  | $ | (4) |
Unrealized gains/(losses) on cash flow hedges: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | (82) |  |  | $ | 24 |  |  | $ | (59) |
Reclassification of (gains)/losses to: |  |  |  |  |  |
Cost of services |  | 4 |  |  | (1) |  |  | 3 |
Cost of sales |  | 5 |  |  | (2) |  |  | 4 |
Cost of financing |  | 1 |  |  | 0 |  |  | 1 |
SG&A expense |  | 2 |  |  | (1) |  |  | 1 |
Other (income) and expense |  | (436) |  |  | 110 |  |  | (327) |
Interest expense |  | 6 |  |  | (1) |  |  | 4 |
Total unrealized gains/(losses) on cash flow hedges |  | $ | (501) |  |  | $ | 128 |  |  | $ | (373) |
Retirement-related benefit plans: (1) |  |  |  |  |  |
Prior service costs/(credits) |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Net gains/(losses) arising during the period |  | 0 |  |  | 8 |  |  | 8 |
Curtailments and settlements |  | 5 |  |  | (2) |  |  | 3 |
Amortization of prior service costs/(credits) |  | (2) |  |  | 1 |  |  | (1) |
Amortization of net (gains)/losses |  | 157 |  |  | (42) |  |  | 115 |
Total retirement-related benefit plans |  | $ | 160 |  |  | $ | (35) |  |  | $ | 125 |
Other comprehensive income/(loss) |  | $ | (959) |  |  | $ | 493 |  |  | $ | (466) |
(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. 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 June 30, 2024: |  |  |
Other comprehensive income/(loss): |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | 2 |  |  | $ | (68) |  |  | $ | (66) |
Net changes related to available-for-sale securities: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 1 |  |  | $ | 0 |  |  | $ | 0 |
Reclassification of (gains)/losses to other (income) and expense |  | — |  |  | — |  |  | — |
Total net changes related to available-for-sale securities |  | $ | 1 |  |  | $ | 0 |  |  | $ | 0 |
Unrealized gains/(losses) on cash flow hedges: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 103 |  |  | $ | (28) |  |  | $ | 75 |
Reclassification of (gains)/losses to: |  |  |  |  |  |
Cost of services |  | (9) |  |  | 3 |  |  | (7) |
Cost of sales |  | (15) |  |  | 5 |  |  | (10) |
Cost of financing |  | 2 |  |  | 0 |  |  | 1 |
SG&A expense |  | (7) |  |  | 2 |  |  | (5) |
Other (income) and expense |  | (21) |  |  | 5 |  |  | (16) |
Interest expense |  | 8 |  |  | (2) |  |  | 6 |
Total unrealized gains/(losses) on cash flow hedges |  | $ | 61 |  |  | $ | (16) |  |  | $ | 45 |
Retirement-related benefit plans: (1) |  |  |  |  |  |
Prior service costs/(credits) |  | $ | — |  |  | $ | — |  |  | $ | — |
Net gains/(losses) arising during the period |  | 0 |  |  | 2 |  |  | 2 |
Curtailments and settlements |  | 2 |  |  | (1) |  |  | 2 |
Amortization of prior service costs/(credits) |  | (2) |  |  | 0 |  |  | (1) |
Amortization of net (gains)/losses |  | 258 |  |  | (71) |  |  | 187 |
Total retirement-related benefit plans |  | $ | 259 |  |  | $ | (69) |  |  | $ | 190 |
Other comprehensive income/(loss) |  | $ | 322 |  |  | $ | (153) |  |  | $ | 169 |
(1)These 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 six months ended June 30, 2025: |  |  |
Other comprehensive income/(loss): |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | (956) |  |  | $ | 602 |  |  | $ | (354) |
Net changes related to available-for-sale securities: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 2 |  |  | $ | (1) |  |  | $ | 2 |
Reclassification of (gains)/losses to other (income) and expense |  | — |  |  | — |  |  | — |
Total net changes related to available-for-sale securities |  | $ | 2 |  |  | $ | (1) |  |  | $ | 2 |
Unrealized gains/(losses) on cash flow hedges: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | (141) |  |  | $ | 40 |  |  | $ | (101) |
Reclassification of (gains)/losses to: |  |  |  |  |  |
Cost of services |  | 5 |  |  | (1) |  |  | 4 |
Cost of sales |  | (2) |  |  | 1 |  |  | (2) |
Cost of financing |  | 2 |  |  | (1) |  |  | 2 |
SG&A expense |  | (2) |  |  | 0 |  |  | (1) |
Other (income) and expense |  | (758) |  |  | 191 |  |  | (567) |
Interest expense |  | 12 |  |  | (3) |  |  | 9 |
Total unrealized gains/(losses) on cash flow hedges |  | $ | (883) |  |  | $ | 227 |  |  | $ | (656) |
Retirement-related benefit plans: (1) |  |  |  |  |  |
Prior service costs/(credits) |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Net gains/(losses) arising during the period |  | 0 |  |  | 8 |  |  | 8 |
Curtailments and settlements |  | 7 |  |  | (2) |  |  | 5 |
Amortization of prior service costs/(credits) |  | (4) |  |  | 1 |  |  | (2) |
Amortization of net (gains)/losses |  | 308 |  |  | (83) |  |  | 225 |
Total retirement-related benefit plans |  | $ | 311 |  |  | $ | (76) |  |  | $ | 236 |
Other comprehensive income/(loss) |  | $ | (1,525) |  |  | $ | 753 |  |  | $ | (772) |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information. 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 six months ended June 30, 2024: |  |  |
Other comprehensive income/(loss): |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | 57 |  |  | $ | (222) |  |  | $ | (165) |
Net changes related to available-for-sale securities: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 1 |  |  | $ | 0 |  |  | $ | 1 |
Reclassification of (gains)/losses to other (income) and expense |  | — |  |  | — |  |  | — |
Total net changes related to available-for-sale securities |  | $ | 1 |  |  | $ | 0 |  |  | $ | 1 |
Unrealized gains/(losses) on cash flow hedges: |  |  |  |  |  |
Unrealized gains/(losses) arising during the period |  | $ | 279 |  |  | $ | (75) |  |  | $ | 204 |
Reclassification of (gains)/losses to: |  |  |  |  |  |
Cost of services |  | (14) |  |  | 4 |  |  | (10) |
Cost of sales |  | (27) |  |  | 9 |  |  | (18) |
Cost of financing |  | 3 |  |  | (1) |  |  | 2 |
SG&A expense |  | (10) |  |  | 3 |  |  | (7) |
Other (income) and expense |  | 58 |  |  | (15) |  |  | 44 |
Interest expense |  | 17 |  |  | (4) |  |  | 13 |
Total unrealized gains/(losses) on cash flow hedges |  | $ | 307 |  |  | $ | (79) |  |  | $ | 227 |
Retirement-related benefit plans: (1) |  |  |  |  |  |
Prior service costs/(credits) |  | $ | — |  |  | $ | — |  |  | $ | — |
Net gains/(losses) arising during the period |  | 1 |  |  | 2 |  |  | 2 |
Curtailments and settlements |  | 4 |  |  | (1) |  |  | 3 |
Amortization of prior service costs/(credits) |  | (4) |  |  | 1 |  |  | (3) |
Amortization of net (gains)/losses |  | 519 |  |  | (143) |  |  | 376 |
Total retirement-related benefit plans |  | $ | 520 |  |  | $ | (141) |  |  | $ | 379 |
Other comprehensive income/(loss) |  | $ | 885 |  |  | $ | (442) |  |  | $ | 442 |
(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 |  | (354) |  |  | 2 |  |  | (101) |  |  | 8 |  |  | (445) |
Amount reclassified from accumulated other comprehensive income |  | — |  |  | — |  |  | (555) |  |  | 228 |  |  | (328) |
Total change for the period |  | $ | (354) |  |  | $ | 2 |  |  | $ | (656) |  |  | $ | 236 |  |  | $ | (772) |
June 30, 2025 |  | $ | (3,865) |  |  | $ | 2 |  |  | $ | (419) |  |  | $ | (11,759) |  |  | $ | (16,041) |
(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 |  | (165) |  |  | 1 |  |  | 204 |  |  | 2 |  |  | 42 |
Amount reclassified from accumulated other comprehensive income |  | — |  |  | — |  |  | 24 |  |  | 377 |  |  | 400 |
Total change for the period |  | $ | (165) |  |  | $ | 1 |  |  | $ | 227 |  |  | $ | 379 |  |  | $ | 442 |
June 30, 2024 |  | $ | (3,653) |  |  | $ | (1) |  |  | $ | 121 |  |  | $ | (14,786) |  |  | $ | (18,319) |
(1)Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.

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

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration