Other income (expense) (Tables)

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Other income (expense)

	Years ended December 31,
(Millions of dollars)	2023		2022		2021
Investment and interest income	$	494	$	167	$	80
Foreign exchange gains (losses) 1	(96)		104		110
License fee income	146		142		123
Gains (losses) on securities	11		(56)		134
Net periodic pension and OPEB income (cost), excluding service cost	47		868		1,279
Miscellaneous income (loss)	(7)		66		88
Total	$	595	$	1,291	$	1,814
1 Includes gains (losses) from foreign exchange derivative contracts.  See Note 4 for further details.