Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Changes in the balances of each component of accumulated other comprehensive loss were as follows:


			Millions of Dollars
			Defined Benefit Plans						Foreign Currency Translation						Hedging						Accumulated Other Comprehensive Loss

December 31, 2025			$	(113)					(49)						(5)						(167)
Other comprehensive income (loss) before reclassifications			3						(96)						—						(93)
Amounts reclassified from accumulated other comprehensive loss
Defined benefit plans*
Amortization of net actuarial loss and settlements			4						—						—						4
Foreign currency translation			—						—						—						—
Hedging			—						—						—						—
Net current period other comprehensive income (loss)			7						(96)						—						(89)
June 30, 2026			$	(106)					(145)						(5)						(256)

December 31, 2024			$	(140)					(262)						(5)						(407)
Other comprehensive income before reclassifications			2						292						—						294
Amounts reclassified from accumulated other comprehensive loss
Defined benefit plans*
Amortization of net actuarial loss and settlements			7						—						—						7
Foreign currency translation**			—						(12)						—						(12)
Hedging			—						—						—						—
Net current period other comprehensive income			9						280						—						289

June 30, 2025			$	(131)					18						(5)						(118)
* Included within the computation of net periodic benefit cost. See Note 15—Pension and Postretirement Plans, for additional information.
** Included within the gain on sale of Coop, recognized in the “Net gain (loss) on dispositions” line item on our consolidated statement of income. See Note 6—Investments, Loans and Long-Term Receivables, for additional information.