v3.25.4

Accumulated Other Comprehensive (Loss) Income (Tables) | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | 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 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) |
Schedule of Other Comprehensive Income (Loss) | 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.

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- 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
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