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Explain it only if the application asks for academic context or the course materially changes how your record will be interpreted.
One failed course does not automatically need a separate explanation, especially when the later record clearly shows recovery.
If the failure came during a documented disruption and the rest of your record improved substantially, a short factual note may help if there is an appropriate field.
Report the transcript accurately and avoid over-explaining unless the context is genuinely important. If useful, this guide on consulting application with a low GPA gives more detail.