Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit costs for 2022 and 2021 are as follows:

	Three Months Ended March 31
	2022		2021
	(Millions of dollars)
Pension Benefits
United States
Service cost	$	118	$	117
Interest cost	66		55
Expected return on plan assets	(161)		(149)
Amortization of prior service costs (credits)	—		1
Amortization of actuarial losses (gains)	65		104
Settlement losses	86		317
Total United States	174		445
International
Service cost	22		34
Interest cost	36		33
Expected return on plan assets	(48)		(46)
Amortization of prior service costs (credits)	2		2
Amortization of actuarial losses (gains)	4		10
Settlement losses	—		—
Total International	16		33
Net Periodic Pension Benefit Costs	$	190	$	478
Other Benefits*
Service cost	$	11	$	11
Interest cost	15		13
Amortization of prior service costs (credits)	(6)		(7)
Amortization of actuarial losses (gains)	3		4
Net Periodic Other Benefit Costs	$	23	$	21

* 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.