v3.26.1
COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income
The cumulative amount of net investment hedge and cash flow hedge gains (losses) remaining in AOCL is as follows:
Cumulative Gains (Losses), net of tax
June 30, 2026December 31, 2025
Net investment hedges
Cross currency swaps$(96)$(161)
FX forwards29 29 
Long-term debt(33)(62)
Total net investment hedges$(100)$(194)
Cash flow hedges
Interest rate contracts$(41)$(42)
Cross currency swaps1 1 
Total cash flow hedges(40)(41)
Total net gain in AOCL$(140)$(235)
The following tables show changes in AOCL by component (net of tax):
Three Months Ended June 30,
20262025
Gains/(Losses)Pension and Other Retirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentsNet Investment HedgesTotalPension and Other Retirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentsNet Investment HedgesTotal
Balance at March 31,
$(33)$(40)$(347)$(99)$(519)$(39)$(42)$(642)$145 $(578)
Other comprehensive income (loss) before reclassifications
4 — (37)(1)(34)(1)— 424 (364)59 
Amounts reclassified from AOCL(1)— — — (1)(1)1 — — — 
Other comprehensive income (loss)3 — (37)(1)(35)(2)1 424 (364)59 
Balance at June 30,
$(30)$(40)$(384)$(100)$(554)$(41)$(41)$(218)$(219)$(519)

Six Months Ended June 30,
20262025
Pension and Other Retirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentsNet Investment HedgesTotalPension and Other Retirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentsNet Investment HedgesTotal
Balance at December 31,
$(34)$(41)$(231)$(194)$(500)$(39)$(42)$(832)$275 $(638)
Other comprehensive income (loss) before reclassifications
5 — (153)94 (54)(1)— 614 (494)119 
Amounts reclassified from AOCL(1)1 — — — (1)1 — — — 
Other comprehensive income (loss)
4 1 (153)94 (54)(2)1 614 (494)119 
Balance at June 30,
$(30)$(40)$(384)$(100)$(554)$(41)$(41)$(218)$(219)$(519)