23. OTHER COMPREHENSIVE INCOME ITEMS The after-tax components of accumulated other comprehensive income (loss) follow: | | | | | | | | | | | | | | 2025 | | | 2024 | | | 2023 | | Retirement benefits adjustment | | $ | (1,182) | | $ | (1,274) | | $ | (845) | | Cumulative translation adjustment | | | (1,753) | | | (2,286) | | | (2,151) | | Unrealized loss on derivatives | | | (54) | | | (72) | | | (8) | | Unrealized loss on debt securities | | | (43) | | | (74) | | | (110) | | Accumulated other comprehensive income (loss) | | $ | (3,032) | | $ | (3,706) | | $ | (3,114) | |
The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss). | | | | | | | | | | | | | Before | | Tax | | After | | | | Tax | | (Expense) | | Tax | | | | Amount | | Credit | | Amount | | 2025 | | | | | | | | | | | Cumulative translation adjustment | | $ | 539 | | $ | (6) | | $ | 533 | | Unrealized gain (loss) on derivatives: | | | | | | | | | | | Unrealized hedging gain (loss) | | | 1 | | | | | | 1 | | Reclassification of realized (gain) loss to Interest expense | | | 21 | | | (4) | | | 17 | | Net unrealized gain (loss) on derivatives | | | 22 | | | (4) | | | 18 | | Unrealized gain (loss) on debt securities: | | | | | | | | | | | Unrealized holding gain (loss) | | | 39 | | | (10) | | | 29 | | Reclassification of realized (gain) loss to Other income | | | 3 | | | (1) | | | 2 | | Net unrealized gain (loss) on debt securities | | | 42 | | | (11) | | | 31 | | Retirement benefits adjustment: | | | | | | | | | | | Net actuarial gain (loss) | | | 120 | | | (35) | | | 85 | | Reclassification to Other operating expenses through amortization of: | | | | | | | | | | | Actuarial (gain) loss | | | (50) | | | 11 | | | (39) | | Prior service (credit) cost | | | 35 | | | (8) | | | 27 | | Settlements/curtailment | | | 25 | | | (6) | | | 19 | | Net unrealized gain (loss) on retirement benefits adjustment | | | 130 | | | (38) | | | 92 | | Total other comprehensive income (loss) | | $ | 733 | | $ | (59) | | $ | 674 | |
| | | | | | | | | | | | | Before | | Tax | | After | | | | Tax | | (Expense) | | Tax | | | | Amount | | Credit | | Amount | | 2024 | | | | | | | | | | | Cumulative translation adjustment | | $ | (147) | | $ | 12 | | $ | (135) | | Unrealized gain (loss) on derivatives: | | | | | | | | | | | Unrealized hedging gain (loss) | | | (10) | | | 2 | | | (8) | | Reclassification of realized (gain) loss to Interest expense | | | (71) | | | 15 | | | (56) | | Net unrealized gain (loss) on derivatives | | | (81) | | | 17 | | | (64) | | Unrealized gain (loss) on debt securities: | | | | | | | | | | | Unrealized holding gain (loss) | | | 45 | | | (8) | | | 37 | | Reclassification of realized (gain) loss to Other income | | | (1) | | | | | | (1) | | Net unrealized gain (loss) on debt securities | | | 44 | | | (8) | | | 36 | | Retirement benefits adjustment: | | | | | | | | | | | Net actuarial gain (loss) | | | (568) | | | 136 | | | (432) | | Reclassification to Other operating expenses through amortization of: | | | | | | | | | | | Actuarial (gain) loss | | | (72) | | | 19 | | | (53) | | Prior service (credit) cost | | | 36 | | | (9) | | | 27 | | Settlements/curtailments | | | 38 | | | (9) | | | 29 | | Net unrealized gain (loss) on retirement benefits adjustment | | | (566) | | | 137 | | | (429) | | Total other comprehensive income (loss) | | $ | (750) | | $ | 158 | | $ | (592) | |
| | | | | | | | | | | | | Before | | Tax | | After | | | | Tax | | (Expense) | | Tax | | | | Amount | | Credit | | Amount | | 2023 | | | | | | | | | | | Cumulative translation adjustment: | | | | | | | | | | | Unrealized translation gain (loss) | | $ | 424 | | $ | (2) | | $ | 422 | | Reclassification of realized (gain) loss to: | | | | | | | | | | | Selling, administrative and general expenses | | | 10 | | | | | | 10 | | Other operating expenses | | | 11 | | | | | | 11 | | Net unrealized translation gain (loss) | | | 445 | | | (2) | | | 443 | | Unrealized gain (loss) on derivatives: | | | | | | | | | | | Unrealized hedging gain (loss) | | | 25 | | | (5) | | | 20 | | Reclassification of realized (gain) loss to Interest expense | | | (62) | | | 13 | | | (49) | | Net unrealized gain (loss) on derivatives | | | (37) | | | 8 | | | (29) | | Unrealized gain (loss) on debt securities: | | | | | | | | | | | Unrealized holding gain (loss) | | | (20) | | | 4 | | | (16) | | Net unrealized gain (loss) on debt securities | | | (20) | | | 4 | | | (16) | | Retirement benefits adjustment: | | | | | | | | | | | Net actuarial gain (loss) | | | (589) | | | 139 | | | (450) | | Reclassification to Other operating expenses through amortization of: | | | | | | | | | | | Actuarial (gain) loss | | | (81) | | | 20 | | | (61) | | Prior service (credit) cost | | | 37 | | | (9) | | | 28 | | Settlements | | | 37 | | | (10) | | | 27 | | Net unrealized gain (loss) on retirement benefits adjustment | | | (596) | | | 140 | | | (456) | | Total other comprehensive income (loss) | | $ | (208) | | $ | 150 | | $ | (58) | |
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