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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables present changes in the accumulated balances for each component of other comprehensive loss, including current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive loss, for the three and six months ended June 30, 2025 and 2024:
(DOLLARS IN MILLIONS)Foreign
Currency
Translation
Adjustments
Gains (Losses) 
on Derivatives
Qualifying as
Hedges
Pension and
Postretirement
Liability
Adjustment
Total
Accumulated other comprehensive loss, net of tax, as of April 1, 2025$(2,022)$(3)$(98)$(2,123)
OCI before reclassifications710 — (1)709 
Reclassifications due to business divestitures48 — (50)(2)
Other amounts reclassified from AOCI— — 
Net current period other comprehensive income (loss)758 — (50)708 
Accumulated other comprehensive loss, net of tax, as of June 30, 2025$(1,264)$(3)$(148)$(1,415)
(DOLLARS IN MILLIONS)Foreign
Currency
Translation
Adjustments
Gains (Losses) 
on Derivatives
Qualifying as
Hedges
Pension and
Postretirement
Liability
Adjustment
Total
Accumulated other comprehensive loss, net of tax, as of January 1, 2025$(2,426)$(2)$(99)$(2,527)
OCI before reclassifications1,114 (1)(1)1,112 
Reclassifications due to business divestitures48 — (50)(2)
Amounts reclassified from AOCI— — 
Net current period other comprehensive income (loss)1,162 (1)(49)1,112 
Accumulated other comprehensive loss, net of tax, as of June 30, 2025$(1,264)$(3)$(148)$(1,415)
(DOLLARS IN MILLIONS)Foreign
Currency
Translation
Adjustments
Gains (Losses) 
on Derivatives
Qualifying as
Hedges
Pension and
Postretirement
Liability
Adjustment
Total
Accumulated other comprehensive loss, net of tax, as of April 1, 2024$(1,945)$(6)$(240)$(2,191)
OCI before reclassifications(132)(130)
Reclassifications due to business divestitures— — 
Other amounts reclassified from AOCI— — 
Net current period other comprehensive income (loss)(128)(124)
Accumulated other comprehensive loss, net of tax, as of June 30, 2024$(2,073)$(5)$(237)$(2,315)
(DOLLARS IN MILLIONS)Foreign
Currency
Translation
Adjustments
Gains (Losses) 
on Derivatives
Qualifying as
Hedges
Pension and
Postretirement
Liability
Adjustment
Total
Accumulated other comprehensive loss, net of tax, as of January 1, 2024$(1,652)$$(245)$(1,896)
OCI before reclassifications(425)(6)(427)
Reclassifications due to business divestitures— — 
Amounts reclassified from AOCI— — 
Net current period other comprehensive income (loss)(421)(6)(419)
Accumulated other comprehensive loss, net of tax, as of June 30, 2024$(2,073)$(5)$(237)$(2,315)
The following table provides details about reclassifications out of Accumulated other comprehensive loss to the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) other than due to business divestitures:
Three Months Ended June 30,Affected Line Item in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)
(DOLLARS IN MILLIONS)20252024
(Losses) gains on pension and postretirement liability adjustments
Prior service cost$$— 
(1)
Actuarial losses(2)(2)
(1)
Total$(1)$(2)Total, net of income taxes
Six Months Ended June 30,Affected Line Item in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)
(DOLLARS IN MILLIONS)20252024
(Losses) gains on pension and postretirement liability adjustments
Prior service cost$$
(1)
Actuarial losses(3)(5)
(1)
Total$(2)$(4)Total, net of income taxes
 _______________________
(1)The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 7 for additional information regarding net periodic benefit cost.