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Equity (Tables)
9 Months Ended
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) A summary of the changes in each component of Accumulated other comprehensive loss, net of tax for the quarters and nine months ended September 30, 2024 and 2023 is provided below:
(dollars in millions)Foreign Currency TranslationDefined Benefit Pension and Postretirement PlansUnrealized Hedging Gains (Losses)Accumulated Other Comprehensive Loss
Quarter Ended September 30, 2024
Balance at June 30, 2024$(632)$(2,102)$16 $(2,718)
Other comprehensive income (loss) before reclassifications, net749 (72)125 802 
Amounts reclassified, pre-tax (44)14 (30)
Tax benefit (expense) 6 11 (40)(23)
Balance at September 30, 2024$123 $(2,207)$115 $(1,969)
Nine Months Ended September 30, 2024
Balance at December 31, 2023$(440)$(2,026)$47 $(2,419)
Other comprehensive income (loss) before reclassifications, net560 (82)64 $542 
Amounts reclassified, pre-tax (131)23 $(108)
Tax benefit (expense) 3 32 (19)16 
Balance at September 30, 2024$123 $(2,207)$115 $(1,969)
(dollars in millions)Foreign Currency TranslationDefined Benefit Pension and Postretirement PlansUnrealized Hedging Gains (Losses)Accumulated Other Comprehensive Loss
Quarter Ended September 30, 2023
Balance at June 30, 2023$(476)$(1,035)$$(1,502)
Other comprehensive income (loss) before reclassifications, net(441)37 (132)(536)
Amounts reclassified, pre-tax— (141)(132)
Tax benefit (expense)(3)33 24 54 
Balance at September 30, 2023$(920)$(1,106)$(90)$(2,116)
Nine Months Ended September 30, 2023
Balance at December 31, 2022$(1,005)$(782)$(231)$(2,018)
Other comprehensive income (loss) before reclassifications, net85 (7)101 179 
Amounts reclassified, pre-tax— (426)73 (353)
Tax benefit (expense)— 109 (33)76 
Balance at September 30, 2023$(920)$(1,106)$(90)$(2,116)