| Other Comprehensive Income (Loss) |
Other Comprehensive Income (Loss) Changes in each component of other comprehensive income (loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Derivatives | | Employee
Benefit
Plans | | Foreign Currency
Translation
Adjustment | | Accumulated Other
Comprehensive Loss | Balance at January 1, 2023, net of taxes | $ | 73 | | | $ | (2,408) | | | $ | (2,433) | | | $ | (4,768) | | | Other comprehensive income (loss) before reclassification adjustments, pretax | 114 | | | (413) | | | 17 | | | (282) | | | Tax | (24) | | | 86 | | | 63 | | | 125 | | | Other comprehensive income (loss) before reclassification adjustments, net of taxes | 90 | | | (327) | | | 80 | | | (157) | | | Reclassification adjustments, pretax | (237) | | (1) | (64) | | (2) | 9 | | | (292) | | | Tax | 50 | | | 6 | | | — | | | 56 | | | Reclassification adjustments, net of taxes | (187) | | | (58) | | | 9 | | | (236) | | | Other comprehensive income (loss), net of taxes | (97) | | | (385) | | | 89 | | | (393) | | | Balance at December 31, 2023, net of taxes | (24) | | | (2,793) | | | (2,344) | | | (5,161) | | | Other comprehensive income (loss) before reclassification adjustments, pretax | 508 | | | 647 | | | (559) | | | 596 | | | Tax | (109) | | | (138) | | | 23 | | | (224) | | | Other comprehensive income (loss) before reclassification adjustments, net of taxes | 399 | | | 509 | | | (536) | | | 372 | | | Reclassification adjustments, pretax | (168) | | (1) | (60) | | (2) | 20 | | | (208) | | | Tax | 35 | | | 17 | | | — | | | 52 | | | Reclassification adjustments, net of taxes | (133) | | | (43) | | | 20 | | | (156) | | | Other comprehensive income (loss), net of taxes | 266 | | | 466 | | | (516) | | | 216 | | | Balance at December 31, 2024, net of taxes | 242 | | | (2,327) | | (3) | (2,860) | | | (4,945) | | | Other comprehensive income (loss) before reclassification adjustments, pretax | (577) | | | 1,101 | | | 254 | | | 778 | | | Tax | 124 | | | (232) | | | (77) | | | (185) | | | Other comprehensive income (loss) before reclassification adjustments, net of taxes | (453) | | | 869 | | | 177 | | | 593 | | | Reclassification adjustments, pretax | 134 | | (1) | (53) | | (2) | — | | | 81 | | | Tax | (28) | | | 12 | | | — | | | (16) | | | Reclassification adjustments, net of taxes | 106 | | | (41) | | | — | | | 65 | | | Other comprehensive income (loss), net of taxes | (347) | | | 828 | | | 177 | | | 658 | | | Balance at December 31, 2025, net of taxes | $ | (105) | | | $ | (1,499) | | (3) | $ | (2,683) | | | $ | (4,287) | |
(1) Primarily relates to foreign currency cash flow hedges that were reclassified from AOCL to Sales (see Note 6). (2) Includes net amortization of prior service cost, actuarial gains and losses, settlements and curtailments included in net periodic benefit cost (see Note 13). (3) Includes pension plan net loss of $2.0 billion and $3.0 billion at December 31, 2025 and 2024, respectively, and other postretirement benefit plan net gain of $365 million and $400 million at December 31, 2025 and 2024, respectively, as well as pension plan prior service credit of $146 million and $174 million at December 31, 2025 and 2024, respectively, and other postretirement benefit plan prior service credit of $29 million and $61 million at December 31, 2025 and 2024, respectively.
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