The following table summarizes the difference between income tax expense (benefit) at the U.S. statutory rate of 21% and the income tax expense (benefit) at effective worldwide tax rates for the respective periods:


	Three Months Ended September 30,				Nine Months Ended September 30,
Millions of dollars	2026		2025		2026		2025
Earnings (loss) before income taxes	$	(112)	$	120	$	(67)	$	381

Income tax expense (benefit) computed at United States statutory tax rate	(24)		25		(14)		80
State and local taxes, net of federal tax benefit	1		6		(1)		21
Valuation allowances	80		(25)		49		(28)
Audit and Settlements	6		9		19		17
U.S. foreign income items, net of credits	(49)		(8)		(33)		(12)



Legal Entity restructuring tax impact	—		23		—		23




Other	(6)		3		5		4
Income tax expense (benefit) computed at effective worldwide tax rates	$	8	$	33	$	25	$	105