v3.25.2
Employee Benefits (Tables)
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Cost
The components of net periodic benefit costs for 2025 and 2024 are as follows:
 Three Months Ended
June 30		Six Months Ended
June 30
 2025202420252024
(Millions of dollars)(Millions of dollars)
Pension Benefits
United States
Service cost$89 $89 $179 $178 
Interest cost123 116 247 232 
Expected return on plan assets(173)(149)(347)(298)
Amortization of prior service costs (credits) 1 1 2 2 
Amortization of actuarial losses (gains)30 61 60 122 
Curtailment losses (gains)71 — 71 — 
Total United States141 118 212 236 
International
Service cost15 13 29 27 
Interest cost48 48 96 95 
Expected return on plan assets(48)(47)(95)(97)
Amortization of prior service costs (credits)3 2 6 5 
Amortization of actuarial losses (gains)12 4 24 9 
Total International30 20 60 39 
Net Periodic Pension Benefit Costs$171 $138 $272 $275 
Other Benefits*
Service cost$8 $9 $15 $17 
Interest cost25 25 50 50 
Amortization of prior service costs (credits)(5)(6)(11)(12)
Amortization of actuarial losses (gains)(5)(3)(9)(7)
Net Periodic Other Benefit Costs$23 $25 $45 $48 
* Includes costs for U.S. and international OPEB plans. Obligations for plans outside the United States are not significant relative to the company’s total OPEB obligation.