ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Summary of Changes in AOCI Income (Loss) by Component

The following table is a net-of-tax summary of the changes in accumulated other comprehensive income (loss) (AOCI) by component for the nine months ended September 30, 2025 and 2024.

	Gains (losses)
(in millions)	CTA		Pension and OPEB plans		Hedging activities		Available-for-sale debt securities		Total
Balance as of December 31, 2024	$	(3,430)	$	(475)	$	(108)	$	3	$	(4,010)
Other comprehensive income (loss) before reclassifications	159		12		(1)		—		170
Amounts reclassified from AOCI (a)	126		(18)		(1)		—		107
Net other comprehensive income (loss)	285		(6)		(2)		—		277
Balance as of September 30, 2025	$	(3,145)	$	(481)	$	(110)	$	3	$	(3,733)

	Gains (losses)
(in millions)	CTA		Pension and OPEB plans		Hedging activities		Available-for-sale debt securities		Total
Balance as of December 31, 2023	$	(2,985)	$	(452)	$	(120)	$	3	$	(3,554)
Other comprehensive income (loss) before reclassifications	(92)		—		2		—		(90)
Amounts reclassified from AOCI (a)	—		(3)		—		—		(3)
Net other comprehensive income (loss)	(92)		(3)		2		—		(93)
Balance as of September 30, 2024	$	(3,077)	$	(455)	$	(118)	$	3	$	(3,647)

(a)    See table below for details about these reclassifications.

Summary of Reclassification from AOCI to Net Income (Loss)

The following is a summary of the amounts reclassified from AOCI to net income (loss) during the three and nine months ended September 30, 2025 and 2024.

	Amounts reclassified from AOCI (a)
(in millions)	Three Months Ended September 30, 2025		Nine Months Ended September 30, 2025		Location of impact in income statement
CTA
Reclassification of cumulative translation loss to earnings from Kidney Care separation	$	—	$	(126)	Income from discontinued operations, net of tax
Less: Tax effect	—		—		Income from discontinued operations, net of tax
	$	—	$	(126)	Net of tax
Pension and OPEB items
Amortization of net losses and prior service costs or credits	$	3	$	9	Other (income) expense, net
Pension settlement from Kidney Care separation	—		14		Income from discontinued operations, net of tax
	$	3	$	23	Total before tax
Less: Tax effect	—		(2)		Income tax expense (benefit)
Less: Tax effect on pension settlement from Kidney Care separation	—		(3)		Income from discontinued operations, net of tax
	$	3	$	18	Net of tax
Gains (losses) on hedging activities
Foreign exchange contracts	$	—	$	6	Cost of sales
Interest rate contracts	(1)		(4)		Interest expense, net
	(1)		2		Total before tax
Less: Tax effect	—		(1)		Income tax expense (benefit)
	$	(1)	$	1	Net of tax
Total reclassifications for the period	$	2	$	(107)	Total net of tax

	Amounts reclassified from AOCI (a)
(in millions)	Three Months Ended September 30, 2024		Nine Months Ended September 30, 2024		Location of impact in income statement
Pension and OPEB items
Amortization of net losses and prior service costs or credits	$	1	$	4	Other (income) expense, net
Less: Tax effect	—		(1)		Income tax expense (benefit)
	1		3		Total before tax
Gains (losses) on hedging activities
Foreign exchange contracts	$	4	$	9	Cost of sales
Interest rate contracts	(1)		(4)		Interest expense, net
Fair value hedges	—		(5)		Other (income) expense, net
	3		—		Total before tax
Less: Tax effect	(1)		—		Income tax expense (benefit)
	$	2	$	—	Net of tax
Total reclassifications for the period	$	3	$	3	Total net of tax

(a)    Amounts in parentheses indicate reductions to net income