Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2026

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in the balances for each component of AOCI were as follows:


(Millions of dollars)						Three Months Ended March 31,
						2026						2025
Foreign currency translation
Balance at beginning of period						$	(928)					$	(1,256)


Gains (losses) on foreign currency translation						(21)						88
Less: Tax provision/(benefit)						—						—
Net gains (losses) on foreign currency translation						(21)						88



Other comprehensive income (loss), net of tax						(21)						88
Balance at end of period						$	(949)					$	(1,168)

Derivative financial instruments
Balance at beginning of period						$	(10)					$	24


Gains (losses) deferred						(89)						(6)
Less: Tax provision/(benefit)						(23)						(1)
Net gains (losses) deferred						(66)						(5)
(Gains) losses reclassified to earnings						104						(9)
Less: Tax (provision)/benefit						26						(2)
Net (gains) losses reclassified to earnings						78						(7)
Other comprehensive income (loss), net of tax						12						(12)
Balance at end of period						$	2					$	12

Total Accumulated other comprehensive income (loss) at end of period						$	(947)					$	(1,156)