v3.26.3
Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss)
We present comprehensive income and its components in the Consolidated Statement of Comprehensive Income. Changes in the balances for each component of AOCI were as follows:

Three Months Ended September 30,Nine Months Ended September 30,
(Millions of dollars)2026202520262025
Foreign currency translation
Beginning balance$(1,850)$(1,687)$(1,753)$(2,310)
Gains (losses) on foreign currency translation30 (29)(65)594 
Less: Tax provision (benefit)1 1 3 1 
Net gains (losses) on foreign currency translation29 (30)(68)593 
(Gains) losses reclassified to earnings— — — — 
Less: Tax provision (benefit)— — — — 
Net (gains) losses reclassified to earnings— — — — 
Other comprehensive income (loss), net of tax29 (30)(68)593 
Ending balance$(1,821)$(1,717)$(1,821)$(1,717)
Pension and other postretirement benefits
Beginning balance$(69)$(63)$(70)$(61)
Current year prior service credit (cost)— — — — 
Less: Tax provision (benefit)— — — — 
Net current year prior service credit (cost)— — — — 
Amortization of prior service (credit) cost1 (1)2 (3)
Less: Tax provision (benefit)1 (1)1 (1)
Net amortization of prior service (credit) cost— — 1 (2)
Other comprehensive income (loss), net of tax— — 1 (2)
Ending balance$(69)$(63)$(69)$(63)
Derivative financial instruments
Beginning balance$64 $74 $39 $(46)
Gains (losses) deferred18 (47)(89)181 
Less: Tax provision (benefit)3 (11)(24)44 
Net gains (losses) deferred15 (36)(65)137 
(Gains) losses reclassified to earnings(5)19 132 (54)
Less: Tax provision (benefit)(1)4 31 (16)
Net (gains) losses reclassified to earnings(4)15 101 (38)
Other comprehensive income (loss), net of tax11 (21)36 99 
Ending balance$75 $53 $75 $53 
Available-for-sale securities
Beginning balance$(12)$(8)$12 $(54)
Gains (losses) deferred(93)15 (119)70 
Less: Tax provision (benefit)(19)3 (23)15 
Net gains (losses) deferred(74)12 (96)55 
(Gains) losses reclassified to earnings— — (3)3 
Less: Tax provision (benefit)— — (1)— 
Net (gains) losses reclassified to earnings— — (2)3 
Other comprehensive income (loss), net of tax(74)12 (98)58 
Ending balance$(86)$4 $(86)$4 
Total AOCI ending balance at September 30,
$(1,901)$(1,723)$(1,901)$(1,723)