Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2026


	U.S. Pension Benefits				Non-U.S. Pension Benefits				Other Postretirement Benefits
	March 31,				March 31,				March 31,
(Millions of dollars)	2026		2025		2026		2025		2026		2025










For the three months ended:
Components of net periodic benefit cost:
Service cost	$	—	$	—	$	12	$	11	$	14	$	16
Interest cost	136		153		30		28		27		31
Expected return on plan assets	(176)		(180)		(44)		(40)		(3)		(2)
Amortization of prior service cost (credit)	—		—		—		—		—		(1)


Net periodic benefit cost (benefit) 1	$	(40)	$	(27)	$	(2)	$	(1)	$	38	$	44

1 The service cost component is included in Operating costs. All other components are included in Other income (expense).

Summary of company costs related to U.S. and non-U.S. defined contribution plans

Total company costs related to our defined contribution plans, which are included in Operating costs in the Consolidated Statement of Results of Operations, were as follows:



	Three Months Ended March 31,
(Millions of dollars)		2026		2025
U.S. Plans 1		$	190	$	154
Non-U.S. Plans		37		33
		$	227	$	187

1 Includes costs related to our non-qualified deferred compensation plans. We utilize total return swaps to economically hedge this exposure to offset the related costs. See Note 5 for additional information.