Filing excerpt
The remeasurement of monetary assets and liabilities of subsidiaries located in Argentina, a highly inflationary economy, resulted in foreign currency exchange losses of $30 million and $46 million for the three months ended June 30, 2026 and 2025, respectively, and $9 million and $64 million for the six months ended June 30, 2026 and 2025, respectively, which is included within other income (expense), net in the consolidated statements of income.