v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The fair value hierarchy for assets and liabilities measured at fair value at June 30, 2026, and December 31, 2025, is shown in the table below. Refer to Note 14. Financial and Derivative Instruments for the gross amounts of derivative assets and liabilities.
Assets and Liabilities Measured at Fair Value on a Recurring Basis
At June 30,
2026
At December 31,
2025
(Millions of dollars)
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Derivatives - not designated$30 $17 $13 $ $254 $228 $26 $— 
Derivatives - designated    10 10 — — 
   Total Assets at Fair Value $30 $17 $13 $ $264 $238 $26 $— 
Derivatives - not designated28 14 14  68 15 53 — 
Derivatives - designated    — — — — 
   Total Liabilities at Fair Value$28 $14 $14 $ $68 $15 $53 $—