DNOW Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
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7. Accumulated Other Comprehensive Income (Loss) (“AOCI”)
The components of AOCI are as follows(in millions):
| Foreign Currency Translation Adjustments | ||
|---|---|---|
| Six months ended June 30, | ||
| 2026 | 2025 | |
| Beginning balance | $(126) | $(153) |
| Net current-period other comprehensive (loss) income, net of tax | (5) | 11 |
| Ending balance | $(131) | $(142) |
The Company’s reporting currency is the U.S. dollar. A majority of the Company’s international entities in which there is a substantial investment have the local currency as their functional currency. As a result, foreign currency translation adjustments resulting from the process of translating the entities’ financial statements into the reporting currency are reported in other comprehensive income or loss in accordance with ASC Topic 830, “Foreign Currency Matters.”
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