SHAREHOLDERS' EQUITY

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) – NET.

Changes in AOCI by component were as follows.


	Currency translation adjustments(1)		Pension and Other Postretirement Plans		Cash flow hedges		Total AOCI
December 31, 2022	$	(1,845)	$	(42)	$	9	$	(1,878)
Other comprehensive income (loss) before reclassifications – net of taxes(2) of $22, $186, and $1	74		(601)		(5)		(532)
Reclassifications from AOCI – net of taxes(3) of $—, $97, and $6	—		(296)		(22)		(318)
Other comprehensive income (loss)	74		(897)		(27)		(850)
Spin-Off related adjustments – net of taxes(4) of $— $(509), and $—	28		1,972		—		2,000
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(37)		—		—		(37)
December 31, 2023	(1,706)		1,033		(18)		(691)
Other comprehensive income (loss) before reclassifications – net of taxes of $(19), $93, and $(11)	(271)		(306)		33		(545)
Reclassifications from AOCI – net of taxes(3) of $—, $44, and $(1)	—		(150)		3		(147)
Other comprehensive income (loss)	(271)		(456)		36		(691)
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(4)		—		—		(4)
December 31, 2024	(1,973)		576		18		(1,379)
Other comprehensive income (loss) before reclassifications – net of taxes of $60, $74, and $5	354		(259)		5		101
Reclassifications from AOCI – net of taxes(3)(5) of $—, $50, and $2	63		(163)		(21)		(120)
Other comprehensive income (loss)	418		(422)		(16)		(19)
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(7)		(3)		—		(10)
December 31, 2025	$	(1,548)	$	158	$	3	$	(1,388)

(1) The amount of CTA recognized in Other comprehensive income (loss) (“OCI”) included net gains (losses) relating to net investment hedges, as further discussed in Note 13, “Financial Instruments and Fair Value Measurements.”

(2) Includes pre-tax impact to Pension and Other Postretirement Plans of $(305) million for the pension plan amendment and related remeasurement of plan assets and benefit obligations. Refer to Note 10, “Postretirement Benefit Plans” for further information.

(3) Reclassifications from AOCI into earnings for Pension and Other Postretirement Plans are recognized within Non-operating benefit (income) costs, while Cash flow hedges are recognized within Cost of products and Cost of services in our Consolidated Statements of Income.

(4) Refer to Note 10, “Postretirement Benefit Plans” for further information on the unrecognized gain transferred from the GE pension and other postretirement plans in connection with the Spin-Off.

(5) Includes net of tax impact of $63 million of gains to Currency translation adjustments and $8 million of losses to Pension and Other Postretirement Plans related to the derecognition of the prior NMP equity method investment. Refer to Note 8, “Acquisitions, Goodwill, and Other Intangible Assets” for additional information on the NMP acquisition.

On April 30, 2025, our Board of Directors authorized a share repurchase program (the “repurchase program”) for up to $1,000 million of our common stock. The repurchase program does not have an expiration date, does not obligate the Company to acquire any particular amount of common stock, and may be suspended or terminated at any time at the Company's discretion. During the year ended December 31, 2025, we repurchased 2.8 million shares under the repurchase program for total consideration of approximately $200 million.