v3.26.1
Pension and Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Note 4. Pension and Other Postretirement Benefits
 (millions of dollars)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Components of net benefit cost
Pension Benefits - U.S.
Service cost
150
138
277
274
Interest cost
164
171
329
341
Expected return on plan assets
(165)
(149)
(329)
(298)
Amortization of actuarial loss/(gain)
5
19
10
37
Amortization of prior service cost
(7)
(8)
(15)
(15)
Net pension enhancement and curtailment/settlement cost
3
15
2
51
Net benefit cost
150
186
274
390
Pension Benefits - Non-U.S.
Service cost
67
82
139
160
Interest cost
203
205
442
427
Expected return on plan assets
(199)
(206)
(430)
(427)
Amortization of actuarial loss/(gain)
(12)
9
(22)
18
Amortization of prior service cost
16
15
31
28
Net pension enhancement and curtailment/settlement cost
—
—
28
—
Net benefit cost
75
105
188
206
Other Postretirement Benefits
Service cost
21
24
42
47
Interest cost
66
66
131
131
Expected return on plan assets
(4)
(4)
(8)
(8)
Amortization of actuarial loss/(gain)
(21)
(27)
(43)
(51)
Amortization of prior service cost
(16)
(16)
(31)
(31)
Net pension enhancement and curtailment/settlement cost
(1)
—
(1)
—
Net benefit cost
45
43
90
88