v3.26.1
Employee Benefits (Tables)
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Cost
The components of net periodic benefit costs for 2026 and 2025 are as follows:
Three Months Ended
June 30		Six Months Ended
June 30
2026202520262025
(Millions of dollars)(Millions of dollars)
Pension Benefits
United States
Service cost$86 $89 $172 $179 
Interest cost121 123 243 247 
Expected return on plan assets(194)(173)(389)(347)
Amortization of prior service costs (credits) 1 1 2 2 
Amortization of actuarial losses (gains)26 30 53 60 
Settlement losses (gains)113 — 113 — 
Curtailment losses (gains)— 71 — 71 
Total United States153 141 194 212 
International
Service cost15 15 31 29 
Interest cost60 48 120 96 
Expected return on plan assets(63)(48)(126)(95)
Amortization of prior service costs (credits)2 3 5 6 
Amortization of actuarial losses (gains)12 12 25 24 
Total International26 30 55 60 
Net Periodic Pension Benefit Costs$179 $171 $249 $272 
Other Benefits(*)
Service cost$8 $8 $15 $15 
Interest cost24 25 48 50 
Amortization of prior service costs (credits)(5)(5)(11)(11)
Amortization of actuarial losses (gains)(2)(5)(5)(9)
Net Periodic Other Benefit Costs$25 $23 $47 $45 
(*) Includes costs for U.S. and international OPEB plans. Obligations for plans outside the United States are not significant relative to the company’s total OPEB obligation.