v3.26.3
Postretirement Benefits (Tables)
 9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Schedule of net benefit costs
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Other
Postretirement
Benefits
September 30,September 30,September 30,
(Millions of dollars)202620252026202520262025
For the three months ended:
Components of net periodic benefit cost:
Service cost$— $— $12 $12 $14 $15 
Interest cost136 153 30 28 26 32 
Expected return on plan assets (176)(180)(44)(42)(2)(3)
Amortization of prior service cost (credit)— — 1 — — (1)
Net periodic benefit cost (benefit) 1
$(40)$(27)$(1)$(2)$38 $43 
For the nine months ended:
Components of net periodic benefit cost:
Service cost$— $— $36 $35 $42 $47 
Interest cost408 459 90 83 79 93 
Expected return on plan assets (528)(540)(132)(122)(8)(7)
Amortization of prior service cost (credit)— — 2 — — (3)
Net periodic benefit cost (benefit) 1
$(120)$(81)$(4)$(4)$113 $130 
1 The service cost component is included in Operating costs. All other components are included in Other income (expense).
Summary of company costs related to U.S. and non-U.S. defined contribution plans
Total company costs related to our defined contribution plans, which are included in Operating costs in the Consolidated Statement of Results of Operations, were as follows:
 
Three Months Ended September 30,Nine Months Ended September 30,
(Millions of dollars)2026202520262025
U.S. Plans 1
$82 $185 $571 $529 
Non-U.S. Plans38 35 113 103 
$120 $220 $684 $632 
1 Includes costs related to our non-qualified deferred compensation plans. We utilize total return swaps to economically hedge this exposure to offset the related costs. See Note 5 for additional information.