Note 11. Investments, Advances, and Long-Term Receivables | | | | | | | | | | (millions of dollars) | Dec 31, 2025 | Dec 31, 2024 | | | | | Equity method company investments and advances | | | | Investments | 32,653 | | 34,010 | | Advances, net of allowances of $33 million and $40 million | 6,130 | | 7,084 | | | Total equity method company investments and advances | 38,783 | | 41,094 | | | Equity securities carried at fair value and other investments at adjusted cost basis | 271 | | 343 | | Long-term receivables and miscellaneous, net of reserves of $2,500 million and $2,433 million | 6,263 | | 5,763 | | | Total | 45,317 | | 47,200 | |
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