Other (Income) and Expense (Tables)

6 Months Ended

Jun. 30, 2026

Other Income and Expenses [Abstract]

Schedule of components of other income and expense

Components of other (income) and expense are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in millions)	2026		2025		2026		2025
Other (income) and expense:
(Gains)/losses on foreign currency transactions (1)	$	(107)	$	773	$	(435)	$	1,215
(Gains)/losses on derivative instruments (1)	117		(601)		540		(1,043)
Interest income	(86)		(172)		(238)		(363)
Net (gains)/losses from securities and investment assets (2)	(106)		(19)		(115)		10
Retirement-related costs/(income)	96		25		192		48
Other	(98)		(45)		(130)		(71)
Total other (income) and expense	$	(185)	$	(39)	$	(186)	$	(204)

(1)The company uses financial hedging instruments to limit specific currency risks related to foreign currency-based transactions. The hedging program does not hedge 100 percent of currency exposures and defers, versus eliminates, the impact of currency. Refer to note 16, “Derivative Financial Instruments,” for additional information on foreign exchange risk.

(2)Includes realized and unrealized net (gains)/losses from equity investments.