v3.25.4

Accumulated Other Comprehensive (Loss) Income | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Accumulated Other Comprehensive (Loss) Income | Accumulated Other Comprehensive (Loss) Income The changes, net of tax, in the balances of each component of AOCI for the years ended December 31, 2025 and 2024, including amounts reclassified out of AOCI, are as follows:
(In millions) |  |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Adjustments |  | Total
Balance at January 1, 2025 |  |  |  | $ | (3,408) |  |  | $ | (2,832) |  |  | $ | (6,240) |
Other comprehensive (loss) before reclassifications |  |  |  | (332) |  |  | 1,110 |  |  | 778 |
Amounts reclassified from accumulated other comprehensive income |  |  |  | 33 |  |  | — |  |  | 33 |
Net current period other comprehensive (loss) income |  |  |  | (299) |  |  | 1,110 |  |  | 811 |
Balance at December 31, 2025 |  |  |  | $ | (3,707) |  |  | $ | (1,722) |  |  | $ | (5,429) |
(In millions) |  |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Adjustments |  | Total
Balance at January 1, 2024 |  |  |  | $ | (3,101) |  |  | $ | (2,194) |  |  | $ | (5,295) |
Other comprehensive (loss) income before reclassifications |  |  |  | (326) |  |  | (638) |  |  | (964) |
Amounts reclassified from accumulated other comprehensive income |  |  |  | 19 |  |  | — |  |  | 19 |
Net current period other comprehensive (loss) |  |  |  | (307) |  |  | (638) |  |  | (945) |
Balance at December 31, 2024 |  |  |  | $ | (3,408) |  |  | $ | (2,832) |  |  | $ | (6,240) |
The components of other comprehensive (loss) income for the years ended December 31, 2025, 2024 and 2023 are as follows:
For the Year Ended December 31, |  | 2025
(In millions) |  | Pre-Tax |  | Tax (Credit) |  | Net of Tax
Foreign currency translation adjustments |  | $ | 1,075 |  |  | $ | (35) |  |  | $ | 1,110 |
Pension/post-retirement plans: |  |  |  |  |  |
Amortization of (gains) losses included in net benefit (credit) cost: |  |  |  |  |  |
Net actuarial losses (a) |  | 41 |  |  | 8 |  |  | 33 |
Effect of settlement (a) |  | 11 |  |  | 3 |  |  | 8 |
Subtotal |  | 52 |  |  | 11 |  |  | 41 |
Net losses arising during period |  | (164) |  |  | (34) |  |  | (130) |
Foreign currency translation adjustments |  | (277) |  |  | (67) |  |  | (210) |
Pension/post-retirement plans (loss) |  | (389) |  |  | (90) |  |  | (299) |
Other comprehensive income (loss) |  | $ | 686 |  |  | $ | (125) |  |  | $ | 811 |
(a)Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.
For the Year Ended December 31, |  | 2024
(In millions) |  | Pre-Tax |  | Tax (Credit) |  | Net of Tax
Foreign currency translation adjustments |  | $ | (613) |  |  | $ | 25 |  |  | $ | (638) |
Pension/post-retirement plans: |  |  |  |  |  |
Amortization of (gains) losses included in net benefit (credit) cost: |  |  |  |  |  |
Prior service credits (a) |  | (1) |  |  | — |  |  | (1) |
Net actuarial losses (a) |  | 25 |  |  | 6 |  |  | 19 |
Effect of settlement (a) |  | 2 |  |  | 1 |  |  | 1 |
Subtotal |  | 26 |  |  | 7 |  |  | 19 |
Net losses arising during period |  | (520) |  |  | (124) |  |  | (396) |
Foreign currency translation adjustments |  | 92 |  |  | 23 |  |  | 69 |
Other adjustments |  | 2 |  |  | 1 |  |  | 1 |
Pension/post-retirement plans (loss) |  | (400) |  |  | (93) |  |  | (307) |
Other comprehensive (loss) |  | $ | (1,013) |  |  | $ | (68) |  |  | $ | (945) |
(a)Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.
For the Year Ended December 31, |  | 2023
(In millions) |  | Pre-Tax |  | Tax (Credit) |  | Net of Tax
Foreign currency translation adjustments |  | $ | 389 |  |  | $ | (10) |  |  | $ | 399 |
Pension/post-retirement plans: |  |  |  |  |  |
Amortization of (gains) losses included in net benefit (credit) cost: |  |  |  |  |  |
Prior service credits (a) |  | (2) |  |  | — |  |  | (2) |
Net actuarial losses (a) |  | 20 |  |  | 5 |  |  | 15 |
Effect of settlement (a) |  | 2 |  |  | 1 |  |  | 1 |
Subtotal |  | 20 |  |  | 6 |  |  | 14 |
Net gains arising during period |  | (349) |  |  | (85) |  |  | (264) |
Foreign currency translation adjustments |  | (167) |  |  | (42) |  |  | (125) |
Other adjustments |  | (7) |  |  | (2) |  |  | (5) |
Pension/post-retirement plans gains |  | (503) |  |  | (123) |  |  | (380) |
Other comprehensive (loss) income |  | $ | (114) |  |  | $ | (133) |  |  | $ | 19 |
(a)Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense. The components of accumulated other comprehensive loss are as follows:
(In millions) |  | December 31, 2025 |  | December 31, 2024
Foreign currency translation adjustments (net of deferred tax asset of $15 in 2025 and deferred tax liability of $23 in 2024, respectively) |  | $ | (1,722) |  |  | $ | (2,832) |
Net charges related to pension/post-retirement plans (net of deferred tax asset of $1,648 and $1,558 in 2025 and 2024, respectively) |  | (3,707) |  |  | (3,408) |
Total |  | $ | (5,429) |  |  | $ | (6,240) |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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