
	First Quarter
	2025		2026
Foreign currency translation
Beginning balance	$	(6,899)	$	(4,878)
Gains/(Losses) on foreign currency translation	497		(293)
Less: Tax/(Tax benefit) (a)	(28)		(31)
Net gains/(losses) on foreign currency translation	525		(262)
(Gains)/Losses reclassified from AOCI to net income (b)	(4)		5
Other comprehensive income/(loss), net of tax	521		(257)
Ending balance	$	(6,378)	$	(5,135)

Marketable securities
Beginning balance	$	(50)	$	81
Gains/(Losses) on available for sale securities	88		(82)
Less: Tax/(Tax benefit)	19		(19)
Net gains/(losses) on available for sale securities	69		(63)
(Gains)/Losses reclassified from AOCI to net income	(2)		(9)
Less: Tax/(Tax benefit)	—		(3)
Net (gains)/losses reclassified from AOCI to net income (b)	(2)		(6)
Other comprehensive income/(loss), net of tax	67		(69)
Ending balance	$	17	$	12

Derivative instruments
Beginning balance	$	277	$	(38)
Gains/(Losses) on derivative instruments	(82)		193
Less: Tax/(Tax benefit)	(19)		50
Net gains/(losses) on derivative instruments	(63)		143
(Gains)/Losses reclassified from AOCI to net income	(85)		(16)
Less: Tax/(Tax benefit)	(19)		(4)
Net (gains)/losses reclassified from AOCI to net income (c)	(66)		(12)
Other comprehensive income/(loss), net of tax	(129)		131
Ending balance	$	148	$	93

Pension and other postretirement benefits
Beginning balance	$	(2,967)	$	(2,875)
Amortization and recognition of prior service costs/(credits)	30		30
Less: Tax/(Tax benefit)	7		7
Net prior service costs/(credits) reclassified from AOCI to net income	23		23
Translation impact on non-U.S. plans	(1)		2
Other comprehensive income/(loss), net of tax	22		25
Ending balance	$	(2,945)	$	(2,850)

Total AOCI ending balance at March 31	$	(9,158)	$	(7,880)

(a)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future. However, we have made elections to tax certain non-U.S. operations simultaneously in U.S. tax returns, and have recorded deferred taxes for temporary differences that will reverse, independent of repatriation plans, in U.S. tax returns. Taxes or tax benefits resulting from foreign currency translation of the temporary differences are recorded in Other comprehensive income/(loss), net of tax.