| | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, |
| (Millions of dollars) | 2025 | | 2024 | | 2025 | | 2024 |
| Foreign currency translation | | | | | | | |
| Beginning balance | $ | (2,122) | | | $ | (2,039) | | | $ | (2,310) | | | $ | (1,782) | |
| | | | | | | |
| | | | | | | |
| Gains (losses) on foreign currency translation | 435 | | | (128) | | | 623 | | | (341) | |
| Less: Tax provision (benefit) | — | | | 4 | | | — | | | 15 | |
| Net gains (losses) on foreign currency translation | 435 | | | (132) | | | 623 | | | (356) | |
| (Gains) losses reclassified to earnings | — | | | 61 | | | — | | | 28 | |
| Less: Tax provision (benefit) | — | | | — | | | — | | | — | |
| Net (gains) losses reclassified to earnings | — | | | 61 | | | — | | | 28 | |
| Other comprehensive income (loss), net of tax | 435 | | | (71) | | | 623 | | | (328) | |
| Ending balance | $ | (1,687) | | | $ | (2,110) | | | $ | (1,687) | | | $ | (2,110) | |
| | | | | | | |
| | | |
| | | | | | | |
| Pension and other postretirement benefits | | | | | | | |
| Beginning balance | $ | (62) | | | $ | (52) | | | $ | (61) | | | $ | (49) | |
| | | | | | | |
| | | | | | | |
| Current year prior service credit (cost) | — | | | — | | | — | | | — | |
| Less: Tax provision (benefit) | — | | | — | | | — | | | — | |
| Net current year prior service credit (cost) | — | | | — | | | — | | | — | |
| Amortization of prior service (credit) cost | (1) | | | (4) | | | (2) | | | (7) | |
| Less: Tax provision (benefit) | — | | | (1) | | | — | | | (1) | |
| Net amortization of prior service (credit) cost | (1) | | | (3) | | | (2) | | | (6) | |
| Other comprehensive income (loss), net of tax | (1) | | | (3) | | | (2) | | | (6) | |
| Ending balance | $ | (63) | | | $ | (55) | | | $ | (63) | | | $ | (55) | |
| Derivative financial instruments | | | | | | | |
| Beginning balance | $ | 11 | | | $ | 67 | | | $ | (46) | | | $ | 67 | |
| | | | | | | |
| | | | | | | |
| Gains (losses) deferred | 152 | | | (9) | | | 228 | | | 97 | |
| Less: Tax provision (benefit) | 37 | | | (1) | | | 55 | | | 27 | |
| Net gains (losses) deferred | 115 | | | (8) | | | 173 | | | 70 | |
| (Gains) losses reclassified to earnings | (72) | | | (70) | | | (73) | | | (176) | |
| Less: Tax provision (benefit) | (20) | | | (16) | | | (20) | | | (44) | |
| Net (gains) losses reclassified to earnings | (52) | | | (54) | | | (53) | | | (132) | |
| Other comprehensive income (loss), net of tax | 63 | | | (62) | | | 120 | | | (62) | |
| Ending balance | $ | 74 | | | $ | 5 | | | $ | 74 | | | $ | 5 | |
| | | | | | | |
| | | |
| | | | | | | |
| Available-for-sale securities | | | | | | | |
| Beginning balance | $ | (32) | | | $ | (69) | | | $ | (54) | | | $ | (56) | |
| | | | | | | |
| | | | | | | |
| Gains (losses) deferred | 29 | | | (1) | | | 55 | | | (18) | |
| Less: Tax provision (benefit) | 6 | | | 1 | | | 12 | | | (2) | |
| Net gains (losses) deferred | 23 | | | (2) | | | 43 | | | (16) | |
| (Gains) losses reclassified to earnings | 1 | | | 1 | | | 3 | | | 2 | |
| Less: Tax provision (benefit) | — | | | — | | | — | | | — | |
| Net (gains) losses reclassified to earnings | 1 | | | 1 | | | 3 | | | 2 | |
| Other comprehensive income (loss), net of tax | 24 | | | (1) | | | 46 | | | (14) | |
| Ending balance | $ | (8) | | | $ | (70) | | | $ | (8) | | | $ | (70) | |
| | | | | | | |
Total AOCI ending balance at June 30, | $ | (1,684) | | | $ | (2,230) | | | $ | (1,684) | | | $ | (2,230) | |
| | | | | | | |