v3.26.3
Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
 
We present comprehensive income (loss) and its components in the Consolidated Statements of Comprehensive Income. Changes in the balances for each component of AOCI were as follows:
(Millions of dollars)Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Foreign currency translation
Balance at beginning of period$(973)$(946)$(928)$(1,256)
Gains (losses) on foreign currency translation19 (4)(26)306 
Less: Tax provision/(benefit)— — — — 
Net gains (losses) on foreign currency translation19 (4)(26)306 
Other comprehensive income (loss), net of tax19 (4)(26)306 
Balance at end of period$(954)$(950)$(954)$(950)
Derivative financial instruments
Balance at beginning of period$23 $5 $(10)$24 
Gains (losses) deferred4 (15)(101)43 
Less: Tax provision/(benefit)— (4)(26)12 
Net gains (losses) deferred4 (11)(75)31 
(Gains) losses reclassified to earnings26 2 172 (81)
Less: Tax (provision)/benefit6 — 40 (22)
Net (gains) losses reclassified to earnings20 2 132 (59)
Other comprehensive income (loss), net of tax24 (9)57 (28)
Balance at end of period$47 $(4)$47 $(4)
Total Accumulated other comprehensive income (loss) at end of period$(907)$(954)$(907)$(954)