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Equity (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [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, 2025 and 2024 is provided below:
(dollars in millions)
Foreign Currency Translation (1)
Defined Benefit Pension and Postretirement PlansUnrealized Hedging Gains (Losses)Accumulated Other Comprehensive Loss
Quarter Ended September 30, 2025
Balance at June 30, 2025$414 $(2,896)$91 $(2,391)
Other comprehensive income (loss) before reclassifications, net29 20 (57)(8)
Amounts reclassified, pre-tax(13)(32)(8)(53)
Tax benefit (expense) (1)7 14 20 
Balance at September 30, 2025$429 $(2,901)$40 $(2,432)
Nine Months Ended September 30, 2025
Balance at December 31, 2024$(949)$(2,679)$(127)$(3,755)
Other comprehensive income (loss) before reclassifications, net1,391 (159)202 $1,434 
Amounts reclassified, pre-tax(13)(109)15 $(107)
Tax benefit (expense) — 46 (50)(4)
Balance at September 30, 2025$429 $(2,901)$40 $(2,432)
(1)The amount of foreign currency translation recognized in Other Comprehensive Income (loss) (OCI) includes gains (losses) relating to net investment hedges, as further discussed in “Note 12: Financial Instruments”.
(dollars in millions)
Foreign Currency Translation (1)
Defined Benefit Pension and Postretirement PlansUnrealized Hedging Gains (Losses)Accumulated Other Comprehensive Loss
Quarter Ended September 30, 2024
Balance at June 30, 2024$(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)
(1)The amount of foreign currency translation recognized in OCI includes gains (losses) relating to net investment hedges, as further discussed in “Note 12: Financial Instruments”.