ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2025


	Unrealized Currency Translation Adjustments		Pension Plan Adjustments		Unrealized (Loss) Gain on Derivatives		Accumulated Other Comprehensive Loss
Balance, December 31, 2024	$	(517)	$	(64)	$	(1)	$	(582)
Current year deferrals to AOCI	222		(8)		1		215
Reclassifications from AOCI to Net income	(17)		1		—		(16)
Net Change	205		(7)		1		199
Balance, December 31, 2025	$	(312)	$	(71)	$	—	$	(383)

The cumulative income tax expense related to the adjustments for foreign exchange at December 31, 2025 was $1 million. The cumulative income tax benefit related to the adjustments for pension benefits at December 31, 2025 was $29 million. The cumulative income tax expense related to the adjustments for unrealized loss on derivatives at December 31, 2025 was an immaterial amount. See Note 19 for classification within the consolidated statements of operations of the gains and losses on derivatives reclassified from AOCI.


	Unrealized Currency Translation Adjustments		Pension Plan Adjustments		Unrealized Loss on Derivatives		Accumulated Other Comprehensive Loss
Balance, December 31, 2023	$	(374)	$	(70)	$	—	$	(444)
Current year deferrals to AOCI	(127)		4		(1)		(124)
Reclassifications from AOCI to Net income	(16)		2		—		(14)
Net Change	(143)		6		(1)		(138)
Balance, December 31, 2024	$	(517)	$	(64)	$	(1)	$	(582)

The cumulative income tax expense related to the adjustments for foreign exchange at December 31, 2024 was $1 million. The cumulative income tax benefit related to the adjustments for pension benefits at December 31, 2024 was $27 million. The cumulative income tax benefit related to the adjustments for unrealized gain on derivatives at December 31, 2024 was immaterial. See Note 19 for classification within the consolidated statements of operations of the gains and losses on derivatives reclassified from AOCI.


	Unrealized Currency Translation Adjustments		Pension Plan Adjustments		Unrealized Gain (Loss) on Derivatives		Accumulated Other Comprehensive Loss
Balance, December 31, 2022	$	(434)	$	(36)	$	3	$	(467)
Current year deferrals to AOCI	70		(35)		2		37
Reclassifications from AOCI to Net income	(10)		1		(5)		(14)
Net Change	60		(34)		(3)		23
Balance, December 31, 2023	$	(374)	$	(70)	$	—	$	(444)

The cumulative income tax benefit related to the adjustments for foreign exchange at December 31, 2023 was $1 million. The cumulative income tax benefit related to the adjustments for pension benefits at December 31, 2023 was $29 million. The cumulative income tax benefit related to the adjustments for unrealized gain on derivatives at December 31, 2023 was immaterial. See Note 19 for classification within the consolidated statements of operations of the gains and losses on derivatives reclassified from AOCI.

Axalta Coating Systems Ltd. 10-K