Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit costs for 2020 and 2019 are as follows:

		Three Months Ended March 31
		2020			2019
	(Millions of dollars)
Pension Benefits
United States
Service cost		$	124		$	101
Interest cost		88			99
Expected return on plan assets		(162		)	(141		)
Amortization of prior service costs (credits)		1			—
Amortization of actuarial losses (gains)		96			60
Settlement losses		60			60
Total United States		207			179
International
Service cost		32			35
Interest cost		43			51
Expected return on plan assets		(52		)	(58		)
Amortization of prior service costs (credits)		2			3
Amortization of actuarial losses (gains)		10			5
Settlement losses		—			1
Total International		35			37
Net Periodic Pension Benefit Costs		$	242		$	216
Other Benefits*
Service cost		$	9		$	9
Interest cost		18			24
Amortization of prior service costs (credits)		(6		)	(7		)
Amortization of actuarial losses (gains)		—			(1		)
Net Periodic Other Benefit Costs		$	21		$	25

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* Includes costs for U.S. and international OPEB plans. Obligations for plans outside the United States are not significant relative to the company’s total OPEB obligation.