Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Changes in Accumulated Other Comprehensive Loss by Component

The following table details the activity of the three components that comprise Accumulated other comprehensive loss:


	Second quarter ended				Six months ended
	June 30,				June 30,
	2026		2025		2026		2025
Pension and other postretirement benefits (F)
Balance at beginning of period	$	(588)	$	(669)	$	(592)	$	(672)
Other comprehensive income:
Unrecognized net actuarial gain and prior service benefit	—		1		—		—
Tax benefit	—		—		—		1
Total Other comprehensive income before reclassifications, net of tax	—		1		—		1
Amortization of net actuarial loss and prior service benefit(1)	5		3		10		6
Tax expense(2)	(1)		(1)		(2)		(1)
Total amount reclassified from Accumulated other comprehensive loss, net of tax(3)	4		2		8		5
Total Other comprehensive income	4		3		8		6

Balance at end of period	$	(584)	$	(666)	$	(584)	$	(666)
Foreign currency translation
Balance at beginning of period	$	(1,084)	$	(1,162)	$	(1,052)	$	(1,207)


Other comprehensive (loss) income(4)	(10)		117		(42)		162

Balance at end of period	$	(1,094)	$	(1,045)	$	(1,094)	$	(1,045)




Cash flow hedges
Balance at beginning of period	$	(19)	$	1	$	(29)	$	1

Other comprehensive (loss) income:
Net change from periodic revaluations(5)	1		(49)		14		(50)
Tax benefit (expense)	—		11		(3)		11
Total Other comprehensive income (loss) before reclassifications, net of tax	1		(38)		11		(39)
Net amount reclassified to earnings(6)	(1)		(2)		(1)		—
Tax benefit(2)	—		1		—		—
Total amount reclassified from Accumulated other comprehensive loss, net of tax(3)	(1)		(1)		(1)		—
Total Other comprehensive (loss) income	—		(39)		10		(39)
Balance at end of period	$	(19)	$	(38)	$	(19)	$	(38)

Accumulated other comprehensive loss	$	(1,697)	$	(1,749)	$	(1,697)	$	(1,749)

(1)These amounts were recorded in Other expense, net (See Note G) in the Statement of Consolidated Operations.

(2)These amounts were included in Provision for income taxes (See Note H) in the Statement of Consolidated Operations.

(3)A positive amount indicates a corresponding charge to earnings and a negative amount indicates a corresponding benefit to earnings.

(4)In all periods presented, no amounts were reclassified to earnings.

(5)Includes the change in the cross-currency swaps related to the 6.750% Bonds due 2028 and the 4.850% Notes due 2031 (See Note O). In all periods presented, no amounts related to the changes were reclassified to earnings. The cross-currency swaps were recorded in Other noncurrent assets and Other noncurrent liabilities and deferred credits respectively, in the Consolidated Balance Sheet.

(6)These amounts were recorded in Cost of goods sold in the Statement of Consolidated Operations