v3.25.2
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
 
We present Comprehensive income (loss) and its components in the Consolidated Statements of Comprehensive Income. Changes in the balances for each component of AOCI were as follows:
(Millions of dollars)Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Foreign currency translation
Balance at beginning of period$(1,168)$(1,117)$(1,256)$(996)
Gains (losses) on foreign currency translation222 (36)310 (146)
Less: Tax provision/(benefit)— 4 — 15 
Net gains (losses) on foreign currency translation222 (40)310 (161)
(Gains) losses reclassified to earnings— 61 — 61 
Less: Tax provision/(benefit)— — — — 
Net (gains) losses reclassified to earnings— 61 — 61 
Other comprehensive income (loss), net of tax222 21 310 (100)
Balance at end of period$(946)$(1,096)$(946)$(1,096)
Derivative financial instruments
Balance at beginning of period$12 $16 $24 $18 
Gains (losses) deferred64 74 58 182 
Less: Tax provision/(benefit)17 18 16 46 
Net gains (losses) deferred47 56 42 136 
(Gains) losses reclassified to earnings(74)(75)(83)(186)
Less: Tax (provision)/benefit(20)(17)(22)(46)
Net (gains) losses reclassified to earnings(54)(58)(61)(140)
Other comprehensive income (loss), net of tax(7)(2)(19)(4)
Balance at end of period$5 $14 $5 $14 
Total Accumulated other comprehensive income (loss) at end of period$(941)$(1,082)$(941)$(1,082)