v3.26.1
Segment and Related Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of segment reporting information, by segment
Summarized financial information concerning reportable segments is shown in the following tables for the periods presented:
Three Months Ended June 30, 2026
Millions of dollars O&P–
Americas		O&P–
EAI		I&DAPSTechnologyOtherTotal
Sales and other operating revenues:
Customers$2,679 $2,648 $2,704 $1,006 $140 $— $9,177 
Intersegment842 307 43 4 27 (1,223)— 
3,521 2,955 2,747 1,010 167 (1,223)9,177 
Less:
Cost of sales2,328 2,689 2,402 867 71 (1,218)7,139 
Impairments74 — — — — — 74 
(Income) loss from equity investments(18)(39)(1)1 — — (57)
Loss on sale of business— 734 — — — — 734 
Other items117 49 77 85 33 4 365 
Add:
Depreciation and amortization expense163 46 108 20 10 — 347 
EBITDA$1,183 $(432)$377 $77 $73 $(9)$1,269 
Capital expenditures$107 $101 $40 $10 $12 $— $270 
Three Months Ended June 30, 2025
Millions of dollarsO&P–
Americas		O&P–
EAI		I&DAPSTechnologyOtherTotal
Sales and other operating revenues:
Customers$1,851 $2,537 $2,244 $913 $113 $— $7,658 
Intersegment526 167 31 4 24 (752)— 
2,377 2,704 2,275 917 137 (752)7,658 
Less:
Cost of sales2,108 2,575 2,048 807 82 (749)6,871 
Impairments— 32 — — — — 32 
Income from equity investments(4)(3)— — — — (7)
Other items124 136 40 98 33 10 441 
Add:
Depreciation and amortization expense164 38 99 20 11 — 332 
EBITDA$313 $2 $286 $32 $33 $(13)$653 
Capital expenditures$305 $115 $73 $19 $27 $— $539 
Six Months Ended June 30, 2026
Millions of dollarsO&P-
Americas		O&P-
EAI		I&DAPSTechnologyOtherTotal
Sales and other operating revenues:
Customers$4,599 $4,948 $4,727 $1,879 $221 $— $16,374 
Intersegment1,359 508 80 7 52 (2,006)— 
5,958 5,456 4,807 1,886 273 (2,006)16,374 
Less:
Cost of sales4,507 5,120 4,263 1,617 131 (2,003)13,635 
Impairments74 15 — — — — 89 
(Income) loss from equity investments(27)(24)(2)1 — — (52)
Loss on sale of business— 734 — — — — 734 
Other items221 167 157 173 72 12 802 
Add:
Depreciation and amortization expense327 89 212 40 21 — 689 
EBITDA$1,510 $(467)$601 $135 $91 $(15)$1,855 
Capital expenditures$227 $162 $98 $27 $25 $— $539 
Six Months Ended June 30, 2025
Millions of dollarsO&P–
Americas		O&P–
EAI		I&DAPSTechnologyOtherTotal
Sales and other operating revenues:
Customers$3,808 $4,972 $4,526 $1,817 $212 $— $15,335 
Intersegment1,050 332 47 8 45 (1,482)— 
4,858 5,304 4,573 1,825 257 (1,482)15,335 
Less:
Cost of sales4,381 5,085 4,281 1,607 126 (1,481)13,999 
Impairments— 32 — — — — 32 
(Income) loss from equity investments(11)3 — — — — (8)
Other items243 242 110 180 67 13 855 
Add:
Depreciation and amortization expense319 77 198 40 21 — 655 
EBITDA$564 $19 $380 $78 $85 $(14)$1,112 
Capital expenditures$521 $239 $164 $49 $49 $— $1,022 
Reconciliation of EBITDA to income (loss) from continuing operations before income taxes
A reconciliation of EBITDA to Income from continuing operations before income taxes is shown in the following table for each of the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
Millions of dollars2026202520262025
EBITDA:
Total segment EBITDA$1,278 $666 $1,870 $1,126 
Other EBITDA(9)(13)(15)(14)
Less:
Depreciation and amortization expense(347)(332)(689)(655)
Interest expense(138)(118)(276)(225)
Add:
Interest income24 21 55 51 
Income from continuing operations before income taxes$808 $224 $945 $283