Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit costs for 2023 and 2022 are as follows:

	Three Months Ended March 31
	2023		2022
	(Millions of dollars)
Pension Benefits
United States
Service cost	$	86	$	118
Interest cost	112		66
Expected return on plan assets	(140)		(161)
Amortization of prior service costs (credits)	1		—
Amortization of actuarial losses (gains)	51		65
Settlement losses	—		86
Total United States	110		174
International
Service cost	15		22
Interest cost	47		36
Expected return on plan assets	(51)		(48)
Amortization of prior service costs (credits)	2		2
Amortization of actuarial losses (gains)	2		4
Settlement losses	—		—
Acquisitions / (divestitures)	(2)		—
Total International	13		16
Net Periodic Pension Benefit Costs	$	123	$	190
Other Benefits*
Service cost	$	8	$	11
Interest cost	24		15
Amortization of prior service costs (credits)	(6)		(6)
Amortization of actuarial losses (gains)	(5)		3
Net Periodic Other Benefit Costs	$	21	$	23

* 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.