XML 68 R24.htm IDEA: XBRL DOCUMENT v3.25.2
Equity Activity
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Equity Activity Equity Activity:
Reclassifications and Taxes Related to Items of Other Comprehensive Income
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the three months ended June 30, 2025:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$(613)$399 $(215)
Net changes related to available-for-sale securities:  
Unrealized gains/(losses) arising during the period$(5)$1 $(4)
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$(5)$1 $(4)
Unrealized gains/(losses) on cash flow hedges:  
Unrealized gains/(losses) arising during the period$(82)$24 $(59)
Reclassification of (gains)/losses to:
   
Cost of services4 (1)3 
Cost of sales5 (2)4 
Cost of financing1 0 1 
SG&A expense2 (1)1 
Other (income) and expense(436)110 (327)
Interest expense6 (1)4 
Total unrealized gains/(losses) on cash flow hedges$(501)$128 $(373)
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$0 $0 $0 
Net gains/(losses) arising during the period
0 8 8 
Curtailments and settlements
5 (2)3 
Amortization of prior service costs/(credits)(2)1 (1)
Amortization of net (gains)/losses157 (42)115 
Total retirement-related benefit plans$160 $(35)$125 
Other comprehensive income/(loss)$(959)$493 $(466)
(1)These accumulated other comprehensive income (AOCI) components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
Reclassifications and Taxes Related to Items of Other Comprehensive Income
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the three months ended June 30, 2024:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$2 $(68)$(66)
Net changes related to available-for-sale securities:   
Unrealized gains/(losses) arising during the period$1 $0 $0 
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$1 $0 $0 
Unrealized gains/(losses) on cash flow hedges:   
Unrealized gains/(losses) arising during the period$103 $(28)$75 
Reclassification of (gains)/losses to:   
Cost of services(9)3 (7)
Cost of sales(15)5 (10)
Cost of financing2 0 1 
SG&A expense(7)2 (5)
Other (income) and expense(21)5 (16)
Interest expense8 (2)6 
Total unrealized gains/(losses) on cash flow hedges$61 $(16)$45 
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$— $— $— 
Net gains/(losses) arising during the period
0 2 2 
Curtailments and settlements
2 (1)2 
Amortization of prior service costs/(credits)(2)0 (1)
Amortization of net (gains)/losses258 (71)187 
Total retirement-related benefit plans$259 $(69)$190 
Other comprehensive income/(loss)$322 $(153)$169 
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the six months ended June 30, 2025:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$(956)$602 $(354)
Net changes related to available-for-sale securities:   
Unrealized gains/(losses) arising during the period$2 $(1)$2 
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$2 $(1)$2 
Unrealized gains/(losses) on cash flow hedges:   
Unrealized gains/(losses) arising during the period$(141)$40 $(101)
Reclassification of (gains)/losses to:
   
Cost of services5 (1)4 
Cost of sales(2)1 (2)
Cost of financing2 (1)2 
SG&A expense(2)0 (1)
Other (income) and expense(758)191 (567)
Interest expense12 (3)9 
Total unrealized gains/(losses) on cash flow hedges$(883)$227 $(656)
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$0 $0 $0 
Net gains/(losses) arising during the period
0 8 8 
Curtailments and settlements7 (2)5 
Amortization of prior service costs/(credits)(4)1 (2)
Amortization of net (gains)/losses308 (83)225 
Total retirement-related benefit plans$311 $(76)$236 
Other comprehensive income/(loss)$(1,525)$753 $(772)
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
Reclassifications and Taxes Related to Items of Other Comprehensive Income
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the six months ended June 30, 2024:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$57 $(222)$(165)
Net changes related to available-for-sale securities:   
Unrealized gains/(losses) arising during the period$1 $0 $1 
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$1 $0 $1 
Unrealized gains/(losses) on cash flow hedges:   
Unrealized gains/(losses) arising during the period$279 $(75)$204 
Reclassification of (gains)/losses to:   
Cost of services(14)4 (10)
Cost of sales(27)9 (18)
Cost of financing3 (1)2 
SG&A expense(10)3 (7)
Other (income) and expense58 (15)44 
Interest expense17 (4)13 
Total unrealized gains/(losses) on cash flow hedges$307 $(79)$227 
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$— $— $— 
Net gains/(losses) arising during the period
1 2 2 
Curtailments and settlements4 (1)3 
Amortization of prior service costs/(credits)(4)1 (3)
Amortization of net (gains)/losses519 (143)376 
Total retirement-related benefit plans$520 $(141)$379 
Other comprehensive income/(loss)$885 $(442)$442 
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
Accumulated Other Comprehensive Income/(Loss) (net of tax)
(Dollars in millions)
 Foreign
Currency
Translation
Adjustments (1)
Net Unrealized
Gains/(Losses)
on Available-
For-Sale
Securities		Net Unrealized
Gains/(Losses)
on Cash Flow
Hedges		Net Change
Retirement-
Related
Benefit
Plans
Accumulated
Other
Comprehensive
Income/(Loss)
January 1, 2025$(3,512)$0 $237 $(11,994)$(15,269)
Other comprehensive income before reclassifications(354)2 (101)8 (445)
Amount reclassified from accumulated other comprehensive income— — (555)228 (328)
Total change for the period$(354)$2 $(656)$236 $(772)
June 30, 2025$(3,865)$2 $(419)$(11,759)$(16,041)
(Dollars in millions)
 Foreign
Currency
Translation
Adjustments (1)
Net Unrealized
Gains/(Losses)
on Available-
For-Sale
Securities		Net Unrealized
Gains/(Losses)
on Cash Flow
Hedges		Net Change
Retirement-
Related
Benefit
Plans
Accumulated
Other
Comprehensive
Income/(Loss)
January 1, 2024$(3,488)$(1)$(106)$(15,165)$(18,761)
Other comprehensive income before reclassifications(165)1 204 2 42 
Amount reclassified from accumulated other comprehensive income— — 24 377 400 
Total change for the period$(165)$1 $227 $379 $442 
June 30, 2024$(3,653)$(1)$121 $(14,786)$(18,319)
(1)Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.