Accumulated Other Comprehensive Income (Tables)

The changes in AOCI by component are set forth below:


	Three Months Ended March 31,
		2026		2025
		(Dollars in millions)
Foreign Exchange Translation Adjustment
Balance at beginning of period		$	(110)	$	(27)
Other comprehensive (loss) income before reclassifications		(5)		(29)
Income tax benefit (expense) associated with comprehensive income (loss) before reclassifications		—		—
Amounts reclassified from AOCI		—		—
Balance at end of period		(115)		(56)

Pension Adjustments
Balance at beginning of period		(16)		(15)
Other comprehensive income (loss) before reclassifications		—		—
Income tax benefit (expense) associated with comprehensive income (loss) before reclassifications		—		—

Balance at end of period		(16)		(15)

Changes in Fair Value of Effective Cash Flow Hedges
Balance at beginning of period		(6)		(10)
Other comprehensive (loss) income before reclassifications		4		17
Income tax benefit (expense) associated with comprehensive income (loss) before reclassifications		(3)		2
Amounts reclassified from AOCI		15		(19)
Income taxes associated with reclassifications from AOCI		(2)		2
Balance at end of period		8		(8)

Changes in Fair Value of Net Investment Hedges
Balance at beginning of period		(6)		125
Other comprehensive (loss) income before reclassifications		39		(44)
Income tax benefit (expense) associated with comprehensive income (loss) before reclassifications		(8)		9

Balance at end of period		25		90

Accumulated other comprehensive (loss) income, end of period		$	(98)	$	11

Reclassifications from AOCI to income were as follows:


	Three Months Ended March 31,
		2026		2025
		(Dollars in millions)




Changes in Fair Value of Effective Cash Flow Hedges
Reclassification forward currency exchange contracts to Cost of goods sold		$	3	$	—
Reclassification cross-currency swaps to Interest expense		—		—
Reclassification cross-currency swaps to Non-operating (income) expense		12		(19)
Tax effect on reclassification to income		(2)		2
Amounts reclassified from AOCI, net		13		(17)

Total reclassifications for the period		$	13	$	(17)