| | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Before Tax
Amount | | Tax (Expense)/
Benefit | | Net of Tax
Amount | | For the three months ended March 31, 2026: | | | | | Other comprehensive income/(loss): | | | | | | | | Foreign currency translation adjustments | | $ | 136 | | | $ | (116) | | | $ | 20 | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains/(losses) on available-for-sale securities | | $ | 0 | | | $ | 0 | | | $ | 0 | | | Unrealized gains/(losses) on cash flow hedges: | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (175) | | | $ | 42 | | | $ | (133) | | Reclassification of (gains)/losses to: | | | | | | | | Cost of services | | 15 | | | (4) | | | 11 | | | Cost of sales | | (1) | | | 1 | | | 0 | | | Cost of financing | | 1 | | | 0 | | | 1 | | | SG&A expense | | 1 | | | 0 | | | 1 | | | Other (income) and expense | | 320 | | | (80) | | | 240 | | | Interest expense | | 6 | | | (1) | | | 4 | | | Total unrealized gains/(losses) on cash flow hedges | | $ | 167 | | | $ | (43) | | | $ | 124 | | Retirement-related benefit plans: (1) | | | | | | | | Prior service costs/(credits) | | $ | — | | | $ | — | | | $ | — | | Net gains/(losses) arising during the period | | 1 | | | 0 | | | 1 | | Curtailments and settlements | | 2 | | | 0 | | | 1 | | | Amortization of prior service costs/(credits) | | 9 | | | (2) | | | 7 | | | Amortization of net (gains)/losses | | 198 | | | (52) | | | 146 | | | Total retirement-related benefit plans | | $ | 209 | | | $ | (54) | | | $ | 155 | | | Other comprehensive income/(loss) | | $ | 512 | | | $ | (213) | | | $ | 299 | |
(1)These accumulated other comprehensive income (AOCI) components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information. | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Before Tax
Amount | | Tax (Expense)/
Benefit | | Net of Tax
Amount | | For the three months ended March 31, 2025: | | | | | Other comprehensive income/(loss): | | | | | | | | Foreign currency translation adjustments | | $ | (343) | | | $ | 203 | | | $ | (139) | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains/(losses) on available-for-sale securities | | $ | 8 | | | $ | (2) | | | $ | 6 | | | Unrealized gains/(losses) on cash flow hedges: | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (58) | | | $ | 16 | | | $ | (42) | | | Reclassification of (gains)/losses to: | | | | | | | | Cost of services | | 2 | | | 0 | | | 2 | | | Cost of sales | | (8) | | | 2 | | | (5) | | | Cost of financing | | 1 | | | 0 | | | 1 | | | SG&A expense | | (3) | | | 1 | | | (2) | | | Other (income) and expense | | (322) | | | 81 | | | (241) | | | Interest expense | | 6 | | | (2) | | | 5 | | | Total unrealized gains/(losses) on cash flow hedges | | $ | (382) | | | $ | 98 | | | $ | (283) | | Retirement-related benefit plans: (1) | | | | | | | | Prior service costs/(credits) | | $ | 0 | | | $ | 0 | | | $ | 0 | | Net gains/(losses) arising during the period | | 0 | | | 0 | | | 0 | | Curtailments and settlements | | 2 | | | 0 | | | 2 | | | Amortization of prior service costs/(credits) | | (2) | | | 1 | | | (1) | | | Amortization of net (gains)/losses | | 151 | | | (41) | | | 111 | | | Total retirement-related benefit plans | | $ | 151 | | | $ | (40) | | | $ | 111 | | | Other comprehensive income/(loss) | | $ | (566) | | | $ | 259 | | | $ | (306) | |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
|