Pension and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2026

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits


(millions of dollars)	Three Months Ended March 31,
(millions of dollars)	2026	2025
Components of net benefit cost
Pension Benefits - U.S.
Service cost	127	136
Interest cost	165	170
Expected return on plan assets	(164)	(149)
Amortization of actuarial loss/(gain)	5	18
Amortization of prior service cost	(8)	(7)
Net pension enhancement and curtailment/settlement cost	(1)	36
Net benefit cost	124	204

Pension Benefits - Non-U.S.
Service cost	72	78
Interest cost	239	222
Expected return on plan assets	(231)	(221)
Amortization of actuarial loss/(gain)	(10)	9
Amortization of prior service cost	15	13
Net pension enhancement and curtailment/settlement cost	28	—
Net benefit cost	113	101

Other Postretirement Benefits
Service cost	21	23
Interest cost	65	65
Expected return on plan assets	(4)	(4)
Amortization of actuarial loss/(gain)	(22)	(24)
Amortization of prior service cost	(15)	(15)
Net benefit cost	45	45