| | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Before Tax
Amount | | Tax (Expense)/
Benefit | | Net of Tax
Amount | | For the three months ended June 30, 2026: | | | | | Other comprehensive income/(loss): | | | | | | | | Foreign currency translation adjustments | | $ | (9) | | | $ | (42) | | | $ | (51) | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains/(losses) on available-for-sale securities | | $ | 0 | | | $ | 0 | | | $ | 0 | | | Unrealized gains/(losses) on cash flow hedges: | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | 119 | | | $ | (31) | | | $ | 87 | | Reclassification of (gains)/losses to: | | | | | | | | Cost of services | | 22 | | | (5) | | | 17 | | | Cost of sales | | (8) | | | 3 | | | (6) | | | Cost of financing | | 1 | | | 0 | | | 1 | | | SG&A expense | | (4) | | | 1 | | | (3) | | | Other (income) and expense | | 80 | | | (20) | | | 60 | | | Interest expense | | 5 | | | (1) | | | 4 | | | Total unrealized gains/(losses) on cash flow hedges | | $ | 215 | | | $ | (54) | | | $ | 161 | | Retirement-related benefit plans: (1) | | | | | | | | Prior service costs/(credits) | | $ | — | | | $ | — | | | $ | — | | Net gains/(losses) arising during the period | | 0 | | | — | | | 0 | | Curtailments and settlements | | 3 | | | (1) | | | 2 | | | Amortization of prior service costs/(credits) | | 9 | | | (2) | | | 7 | | | Amortization of net (gains)/losses | | 197 | | | (51) | | | 145 | | | Total retirement-related benefit plans | | $ | 208 | | | $ | (54) | | | $ | 154 | | | Other comprehensive income/(loss) | | $ | 414 | | | $ | (150) | | | $ | 263 | |
(1)These accumulated other comprehensive income (AOCI) components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information. | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Before Tax
Amount | | Tax (Expense)/
Benefit | | Net of Tax
Amount | | For the three months ended June 30, 2025: | | | | | Other comprehensive income/(loss): | | | | | | | | Foreign currency translation adjustments | | $ | (613) | | | $ | 399 | | | $ | (215) | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains/(losses) on available-for-sale securities | | $ | (5) | | | $ | 1 | | | $ | (4) | | | Unrealized gains/(losses) on cash flow hedges: | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (82) | | | $ | 24 | | | $ | (59) | | | Reclassification of (gains)/losses to: | | | | | | | | Cost of services | | 4 | | | (1) | | | 3 | | | Cost of sales | | 5 | | | (2) | | | 4 | | | Cost of financing | | 1 | | | 0 | | | 1 | | | SG&A expense | | 2 | | | (1) | | | 1 | | | Other (income) and expense | | (436) | | | 110 | | | (327) | | | Interest expense | | 6 | | | (1) | | | 4 | | | Total unrealized gains/(losses) on cash flow hedges | | $ | (501) | | | $ | 128 | | | $ | (373) | | Retirement-related benefit plans: (1) | | | | | | | | Prior service costs/(credits) | | $ | 0 | | | $ | 0 | | | $ | 0 | | Net gains/(losses) arising during the period | | 0 | | | 8 | | | 8 | | Curtailments and settlements | | 5 | | | (2) | | | 3 | | | Amortization of prior service costs/(credits) | | (2) | | | 1 | | | (1) | | | Amortization of net (gains)/losses | | 157 | | | (42) | | | 115 | | | Total retirement-related benefit plans | | $ | 160 | | | $ | (35) | | | $ | 125 | | | Other comprehensive income/(loss) | | $ | (959) | | | $ | 493 | | | $ | (466) | |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information. | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Before Tax
Amount | | Tax (Expense)/
Benefit | | Net of Tax
Amount | | For the six months ended June 30, 2026: | | | | | Other comprehensive income/(loss): | | | | | | | | Foreign currency translation adjustments | | $ | 127 | | | $ | (158) | | | $ | (31) | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains/(losses) on available-for-sale securities | | $ | 0 | | | $ | 0 | | | $ | 0 | | | Unrealized gains/(losses) on cash flow hedges: | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (56) | | | $ | 10 | | | $ | (46) | | Reclassification of (gains)/losses to: | | | | | | | | Cost of services | | 37 | | | (9) | | | 28 | | | Cost of sales | | (9) | | | 4 | | | (6) | | | Cost of financing | | 2 | | | (1) | | | 2 | | | SG&A expense | | (3) | | | 1 | | | (2) | | | Other (income) and expense | | 400 | | | (100) | | | 300 | | | Interest expense | | 11 | | | (3) | | | 8 | | | Total unrealized gains/(losses) on cash flow hedges | | $ | 382 | | | $ | (97) | | | $ | 285 | | Retirement-related benefit plans: (1) | | | | | | | | Prior service costs/(credits) | | $ | — | | | $ | — | | | $ | — | | Net gains/(losses) arising during the period | | 1 | | | 0 | | | 1 | | | Curtailments and settlements | | 4 | | | (1) | | | 3 | | | Amortization of prior service costs/(credits) | | 18 | | | (4) | | | 13 | | | Amortization of net (gains)/losses | | 394 | | | (103) | | | 291 | | | Total retirement-related benefit plans | | $ | 417 | | | $ | (109) | | | $ | 309 | | | Other comprehensive income/(loss) | | $ | 926 | | | $ | (364) | | | $ | 562 | |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information. | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Before Tax
Amount | | Tax (Expense)/
Benefit | | Net of Tax
Amount | | For the six months ended June 30, 2025: | | | | | Other comprehensive income/(loss): | | | | | | | | Foreign currency translation adjustments | | $ | (956) | | | $ | 602 | | | $ | (354) | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains/(losses) on available-for-sale securities | | $ | 2 | | | $ | (1) | | | $ | 2 | | | Unrealized gains/(losses) on cash flow hedges: | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (141) | | | $ | 40 | | | $ | (101) | | | Reclassification of (gains)/losses to: | | | | | | | | Cost of services | | 5 | | | (1) | | | 4 | | | Cost of sales | | (2) | | | 1 | | | (2) | | | Cost of financing | | 2 | | | (1) | | | 2 | | | SG&A expense | | (2) | | | 0 | | | (1) | | | Other (income) and expense | | (758) | | | 191 | | | (567) | | | Interest expense | | 12 | | | (3) | | | 9 | | | Total unrealized gains/(losses) on cash flow hedges | | $ | (883) | | | $ | 227 | | | $ | (656) | | Retirement-related benefit plans: (1) | | | | | | | | Prior service costs/(credits) | | $ | 0 | | | $ | 0 | | | $ | 0 | | Net gains/(losses) arising during the period | | 0 | | | 8 | | | 8 | | | Curtailments and settlements | | 7 | | | (2) | | | 5 | | | Amortization of prior service costs/(credits) | | (4) | | | 1 | | | (2) | | | Amortization of net (gains)/losses | | 308 | | | (83) | | | 225 | | | Total retirement-related benefit plans | | $ | 311 | | | $ | (76) | | | $ | 236 | | | Other comprehensive income/(loss) | | $ | (1,525) | | | $ | 753 | | | $ | (772) | |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
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