v3.25.4
Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss

11. Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss are as follows (in millions):

 

 

 

 

 

Derivative

 

 

Employee

 

 

 

 

 

 

Currency

 

 

Financial

 

 

Benefit

 

 

 

 

 

 

Translation

 

 

Instruments,

 

 

Plans,

 

 

 

 

 

 

Adjustments

 

 

Net of Tax

 

 

Net of Tax

 

 

Total

 

Balance at December 31, 2022

 

$

(1,545

)

 

$

(4

)

 

$

(44

)

 

$

(1,593

)

Accumulated other comprehensive income
   (loss) before reclassifications

 

 

101

 

 

 

(21

)

 

 

(13

)

 

 

67

 

Amounts reclassified from accumulated other
   comprehensive income (loss)

 

 

12

 

 

 

20

 

 

 

1

 

 

 

33

 

Balance at December 31, 2023

 

$

(1,432

)

 

$

(5

)

 

$

(56

)

 

$

(1,493

)

Accumulated other comprehensive income
   (loss) before reclassifications

 

 

(138

)

 

 

(12

)

 

 

10

 

 

 

(140

)

Amounts reclassified from accumulated other
   comprehensive income (loss)

 

 

1

 

 

 

7

 

 

 

 

 

 

8

 

Balance at December 31, 2024

 

$

(1,569

)

 

$

(10

)

 

$

(46

)

 

$

(1,625

)

Accumulated other comprehensive income
   (loss) before reclassifications

 

 

186

 

 

 

19

 

 

 

(10

)

 

 

195

 

Amounts reclassified from accumulated other
   comprehensive income (loss)

 

 

8

 

 

 

(7

)

 

 

5

 

 

 

6

 

Balance at December 31, 2025

 

$

(1,375

)

 

$

2

 

 

$

(51

)

 

$

(1,424

)

The components of amounts reclassified from accumulated other comprehensive income (loss) during the years ended December 31, 2025, 2024 and 2023 represent the release of foreign currency translation adjustments due to the deconsolidation and liquidation of certain subsidiaries; gains and losses reclassified on cash flow hedges when the hedged transaction occurs (see Note 3 to the Consolidated Financial Statements for further discussion); and the amortization of net actuarial gains and losses, prior service credits, settlements, and curtailments, which are included in the computation of net periodic pension cost (see Note 10 to the Consolidated Financial Statements for further discussion).