Changes in Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2026

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Components of comprehensive income (loss), net of tax

Changes in each component for the three months ended March 31, 2026 and 2025 were as follows:

Table 10.1: Changes in Accumulated Other Comprehensive Income (Loss)


(Millions), net of tax	Three Months Ended,
	March 31, 2026		Net Change		December 31, 2025		March 31, 2025		Net Change		December 31, 2024
Net Unrealized Gains (Losses) on Debt Securities	$	(11)	$	(7)	$	(4)	$	(6)	$	3	$	(9)
Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a)	(2,805)		(22)		(2,783)		(2,907)		17		(2,924)
Net Unrealized Pension and Other Postretirement Benefit Gains (Losses)	(495)		(5)		(490)		(453)		9		(462)
Accumulated Other Comprehensive Income (Loss)	$	(3,311)	$	(34)	$	(3,277)	$	(3,366)	$	29	$	(3,395)

(a)Refer to Note 8 for additional information on hedging activity.

AOCI income tax effect

The following table shows the tax impact for the three months ended March 31, 2026 and 2025 for the changes in each component of AOCI presented above:

Table 10.2: Tax Impact for Changes in Accumulated Other Comprehensive Income (Loss)


	Tax expense (benefit)
	Three Months Ended March 31,
(Millions)	2026		2025
Net unrealized gains (losses) on debt securities	$	(1)	$	—
Foreign currency translation adjustment, net of hedges	(9)		(60)

Pension and other postretirement benefits	12		(1)
Total tax impact	$	2	$	(61)