| Schedule of Accumulated Other Comprehensive Income (Loss) |
The table below presents the changes in accumulated other comprehensive income (loss) (“AOCI”), including the reclassifications out of AOCI by component: Three months ended June 30, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions) | | Cumulative Translation Adjustment | | Defined Benefit Pension and Postretirement Plans | | Cash Flow Hedging | | Total Accumulated Other Comprehensive Income (Loss) | | Balance at March 31, 2026, net of tax: | | $ | (193) | | | $ | (477) | | | $ | (1) | | | $ | (670) | | | Other comprehensive income (loss), before tax: | | | | | | | | | | Amount of gain (loss) recognized in AOCI | | (17) | | | — | | | 3 | | | (14) | | | Amount of gain (loss) reclassified from AOCI | | — | | | 16 | | | 3 | | | 18 | | | Total other comprehensive income (loss), before tax | | (17) | | | 16 | | | 6 | | | 4 | | | Tax effect | | 3 | | | (4) | | | (1) | | | (2) | | | Total other comprehensive income (loss), net of tax | | (14) | | | 12 | | | 4 | | | 2 | | | | | | | | | | | Balance at June 30, 2026, net of tax: | | $ | (207) | | | $ | (465) | | | $ | 3 | | | $ | (669) | |
Three months ended June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions) | | Cumulative Translation Adjustment | | Defined Benefit Pension and Postretirement Plans | | Cash Flow Hedging | | Total Accumulated Other Comprehensive Income (Loss) | | Balance at March 31, 2025, net of tax: | | $ | (396) | | | $ | (512) | | | $ | 9 | | | $ | (899) | | | Other comprehensive income (loss), before tax: | | | | | | | | | | Amount of gain (loss) recognized in AOCI | | 267 | | | — | | | (32) | | | 235 | | | Amount of gain (loss) reclassified from AOCI | | — | | | 16 | | | (4) | | | 12 | | | Total other comprehensive income (loss), before tax | | 267 | | | 16 | | | (36) | | | 247 | | | Tax effect | | 17 | | | (4) | | | 8 | | | 21 | | | Total other comprehensive income (loss), net of tax | | 284 | | | 12 | | | (28) | | | 268 | | | | | | | | | | | Balance at June 30, 2025, net of tax: | | $ | (112) | | | $ | (500) | | | $ | (19) | | | $ | (631) | |
Six months ended June 30, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions) | | Cumulative Translation Adjustment | | Defined Benefit Pension and Postretirement Plans | | Cash Flow Hedging | | Total Accumulated Other Comprehensive Income (Loss) | | Balance at December 31, 2025, net of tax: | | $ | (130) | | | $ | (488) | | | $ | (8) | | | $ | (625) | | | Other comprehensive income (loss), before tax: | | | | | | | | | | Amount of gain (loss) recognized in AOCI | | (72) | | | — | | | 10 | | | (62) | | | Amount of gain (loss) reclassified from AOCI | | — | | | 31 | | | 4 | | | 35 | | | Total other comprehensive income (loss), before tax | | (72) | | | 31 | | | 15 | | | (26) | | | Tax effect | | (6) | | | (8) | | | (3) | | | (17) | | | Total other comprehensive income (loss), net of tax | | (78) | | | 23 | | | 11 | | | (43) | | | | | | | | | | | Balance at June 30, 2026, net of tax: | | $ | (207) | | | $ | (465) | | | $ | 3 | | | $ | (669) | |
Six months ended June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions) | | Cumulative Translation Adjustment | | Defined Benefit Pension and Postretirement Plans | | Cash Flow Hedging | | Total Accumulated Other Comprehensive Income (Loss) | | Balance at December 31, 2024, net of tax: | | $ | (550) | | | $ | (526) | | | $ | 20 | | | $ | (1,056) | | | Other comprehensive income (loss), before tax: | | | | | | | | | | Amount of gain (loss) recognized in AOCI | | 418 | | | — | | | (43) | | | 375 | | | Amount of gain (loss) reclassified from AOCI | | — | | | 35 | | | (7) | | | 28 | | | Total other comprehensive income (loss), before tax | | 418 | | | 35 | | | (50) | | | 403 | | | Tax effect | | 20 | | | (9) | | | 11 | | | 22 | | | Total other comprehensive income (loss), net of tax | | 438 | | | 26 | | | (39) | | | 425 | | | | | | | | | | | Balance at June 30, 2025, net of tax: | | $ | (112) | | | $ | (500) | | | $ | (19) | | | $ | (631) | |
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