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OTHER COMPREHENSIVE INCOME
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME OTHER COMPREHENSIVE INCOME
The following table presents changes in Accumulated Other Comprehensive Income (Loss) ("AOCI"), net of tax, for the three months and six months ended June 30, 2025 and 2024:

Three Months Ended
June 30,
Six Months Ended
June 30,
In millions2025202420252024
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period$(1,288)$(1,259)$(1,312)$(1,276)
Amounts reclassified from accumulated other comprehensive income16 17 40 34 
Balance at end of period(1,272)(1,242)(1,272)(1,242)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period8 (291)(402)(281)
Other comprehensive income (loss) before reclassifications645 (39)1,055 (49)
Balance at end of period653 (330)$653 $(330)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period(61)(8)(8)(8)
Other comprehensive income (loss) before reclassifications — (52)— 
Amounts reclassified from accumulated other comprehensive income8 — 7 — 
Balance at end of period(53)(8)(53)(8)
Total Accumulated Other Comprehensive Income (Loss) at End of Period$(672)$(1,580)$(672)$(1,580)

The following table presents details of the reclassifications out of AOCI for the three months and six months ended June 30, 2025 and 2024:

In millions:Amount Reclassified from Accumulated Other Comprehensive Income (Loss)Location of Amount Reclassified from AOCI
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Defined benefit pension and postretirement items:
Prior-service costs$(4)$(3)$(8)$(6)(a)Non-operating pension expense (income)
Actuarial gains (losses)(18)(20)(36)(39)(a)Non-operating pension expense (income)
Settlement charge — (8)— (a)Non-operating pension expense (income)
Total pre-tax amount(22)(23)(52)(45)
Tax (expense) benefit6 12 11 
Net of tax(16)(17)(40)(34)
Net gains and losses on cash flow hedging derivatives:
Interest rate contracts(1) (1) (b)Interest expense, net
Commodity contracts(9) (8)— (b)Cost of products sold
Total pre-tax amount(10) (9)— 
Tax (expense)/benefit2  2  
Net of tax(8)— (7)— 
Total reclassifications for the period$(24)$(17)$(47)$(34)
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 17 - Retirement Plans for additional details).
(b)This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 16 - Derivatives and Hedging Activities for additional details).