Equity

3 Months Ended

Mar. 31, 2025

Note 17: Equity

Accumulated Other Comprehensive Loss. A summary of the changes in each component of Accumulated other comprehensive loss, net of tax for the quarters ended March 31, 2025 and 2024 is provided below:


(dollars in millions)	Foreign Currency Translation		Defined Benefit Pension and Postretirement Plans		Unrealized Hedging Gains (Losses)		Accumulated Other Comprehensive Loss
Quarter Ended March 31, 2025
Balance at December 31, 2024	$	(949)	$	(2,679)	$	(127)	$	(3,755)
Other comprehensive income (loss) before reclassifications, net	499		(36)		147		610
Amounts reclassified, pre-tax	—		(39)		(3)		(42)
Tax benefit (expense)	1		9		(30)		(20)
Balance at March 31, 2025	$	(449)	$	(2,745)	$	(13)	$	(3,207)


(dollars in millions)	Foreign Currency Translation		Defined Benefit Pension and Postretirement Plans		Unrealized Hedging Gains (Losses)		Accumulated Other Comprehensive Loss
Quarter Ended March 31, 2024
Balance at December 31, 2023	$	(440)	$	(2,026)	$	47	$	(2,419)
Other comprehensive income (loss) before reclassifications, net	(121)		(7)		(81)		(209)
Amounts reclassified, pre-tax	—		(44)		8		(36)
Tax benefit (expense)	(1)		12		18		29

Balance at March 31, 2024	$	(562)	$	(2,065)	$	(8)	$	(2,635)