Accumulated other comprehensive loss (Tables)

3 Months Ended

Mar. 31, 2026

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 as of December 31, 2025	(187)	(48)	(22)	(257)
Other comprehensive (loss) income before reclassifications	(89)	8	1	(80)
Amounts reclassified from Accumulated other comprehensive loss	–	(2)	(2)	(4)
Net current-period other comprehensive (loss) income	(89)	6	(1)	(84)
Other comprehensive (income) attributable to noncontrolling interests	(12)	–	–	(12)
Balance as of March 31, 2026	(288)	(42)	(23)	(353)
Balance as of 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 as of March 31, 2025	(627)	(86)	(93)	(806)

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	2026	2025
Cash flow hedges
Cost of product revenues	(2)	(2)
Total	(2)	(2)
Pension and other postretirement plans
Other nonoperating income, net	(2)	(8)
Income tax expense	–	1
Total	(2)	(7)
Reclassifications from Accumulated other comprehensive loss to income	(4)	(9)