COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2025

The amounts reclassified out of AOCL, as shown in the consolidated statements of comprehensive income, were not material for all periods presented.

The following tables show changes in AOCL by component (net of tax):


	Year Ended December 31, 2025
	Pension and Other Retirement Benefits		Gains (Losses) on Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Investment Hedges		Total
Balance at December 31, 2024	$	(39)	$	(42)	$	(832)	$	275	$	(638)
Other comprehensive income (loss) before reclassifications	7		—		601		(469)		139
Amounts reclassified from AOCL	(2)		1		—		—		(1)
Other comprehensive income (loss)	5		1		601		(469)		138
Balance at December 31, 2025	$	(34)	$	(41)	$	(231)	$	(194)	$	(500)


	Year Ended December 31, 2024
	Pension and Other Retirement Benefits		Gains (Losses) on Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Investment Hedges		Total
Balance at December 31, 2023	$	(56)	$	(44)	$	(520)	$	53	$	(567)
Other comprehensive income (loss) before reclassifications	19		—		(312)		222		(71)
Amounts reclassified from AOCL	(2)		2		—		—		—
Other comprehensive income (loss)	17		2		(312)		222		(71)
Balance at December 31, 2024	$	(39)	$	(42)	$	(832)	$	275	$	(638)


	Year Ended December 31, 2023
	Pension and Other Retirement Benefits		Gains (Losses) on Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Investment Hedges		Total
Balance at December 31, 2022	$	(47)	$	(45)	$	(736)	$	185	$	(643)
Other comprehensive income (loss) before reclassifications	(6)		—		216		(132)		78
Amounts reclassified from AOCL	(3)		1		—		—		(2)
Other comprehensive income (loss)	(9)		1		216		(132)		76
Balance at December 31, 2023	$	(56)	$	(44)	$	(520)	$	53	$	(567)