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Changes in Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss) Changes In Accumulated Other Comprehensive Income (Loss)
AOCI is comprised of items that have not been recognized in earnings but may be recognized in earnings in the future when certain events occur. Changes in each component for the three and nine months ended September 30, 2025 and 2024 were as follows:
Table 11.1: Changes in Accumulated Other Comprehensive Income (Loss)
(Millions), net of tax
Three Months Ended,
September 30, 2025Net ChangeJune 30, 2025September 30, 2024Net ChangeJune 30, 2024
Net Unrealized Gains (Losses) on Debt Securities
$(5)$1 $(6)$(6)$4 $(10)
Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a)
(2,798)(6)(2,792)(2,706)1 (2,707)
Net Unrealized Pension and Other Postretirement Benefit Gains (Losses)
(446)4 (450)(483)— (483)
Accumulated Other Comprehensive Income (Loss)
$(3,249)$(1)$(3,248)$(3,195)$5 $(3,200)
(Millions), net of tax
Nine Months Ended
September 30, 2025Net ChangeDecember 31, 2024September 30, 2024Net ChangeDecember 31, 2023
Net Unrealized Gains (Losses) on Debt Securities
$(5)$4 $(9)$(6)$8 $(14)
Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a)
(2,798)126 (2,924)(2,706)(135)(2,571)
Net Unrealized Pension and Other Postretirement Benefit Gains (Losses)
(446)16 (462)(483)4 (487)
Accumulated Other Comprehensive Income (Loss)
$(3,249)$146 $(3,395)$(3,195)$(123)$(3,072)
(a)Refer to Note 8 for additional information on hedging activity.
The following table shows the tax impact for the three and nine months ended September 30 for the changes in each component of AOCI presented above:
Table 11.2: Tax Impact for Changes in Accumulated Other Comprehensive Income (Loss)
Tax expense (benefit)
Three Months Ended
September 30,		Nine Months Ended
September 30,
(Millions)2025202420252024
Net unrealized gains on debt securities
$— $— $1 $2 
Foreign currency translation adjustment, net of hedges(11)(26)(208)30 
Pension and other postretirement benefits3 (7)(4)(5)
Total tax impact$(8)$(33)$(212)$27 
Reclassifications out of AOCI into the Consolidated Statements of Income, net of taxes, for the three and nine months ended September 30, 2025 and 2024 were not significant.