Accumulated other comprehensive loss (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, were:

in $ millions	Currency Translation	Cash Flow Hedges	Pension and Other Postretirement Plans	Total
Balance at December 31, 2024	(856)	(63)	(86)	(1,005)
Other comprehensive income (loss) before reclassifications	264	(21)	–	243
Amounts reclassified from Accumulated other comprehensive loss	(26)	(2)	(7)	(35)
Net current-period other comprehensive income (loss)	238	(23)	(7)	208
Other comprehensive (income) attributable to noncontrolling interests	(9)	–	–	(9)
Balance at March 31, 2025	(627)	(86)	(93)	(806)
Balance at December 31, 2023	(439)	(47)	(130)	(616)
Other comprehensive loss before reclassifications	(114)	(63)	–	(177)
Amounts reclassified from Accumulated other comprehensive loss	(34)	26	(3)	(11)
Net current-period other comprehensive (loss)	(148)	(37)	(3)	(188)
Other comprehensive loss attributable to noncontrolling interests	7	–	–	7
Balance at March 31, 2024	(580)	(84)	(133)	(797)

Reclassification out of Accumulated Other Comprehensive Income

The amounts reclassified from Accumulated other comprehensive loss to income were:

	Three months ended
	March 31
in $ millions	2025	2024
Cash flow hedges
Cost of product revenues	(2)	30
Income tax benefit	–	(4)
Total	(2)	26
Pension and other postretirement plans
Other nonoperating income, net	(8)	(4)
Income tax expense	1	1
Total	(7)	(3)
Reclassifications from Accumulated other comprehensive loss to income	(9)	23