Employee Benefits (Tables)

6 Months Ended

Jun. 30, 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 June 30					Six Months Ended June 30
	2023		2022			2023		2022
	(Millions of dollars)				(Millions of dollars)
Pension Benefits
United States
Service cost	$	85	$	117		$	171	$	235
Interest cost	112		69			224		135
Expected return on plan assets	(139)		(162)			(279)		(323)
Amortization of prior service costs (credits)	1		1			2		1
Amortization of actuarial losses (gains)	50		60			101		125
Settlement losses	—		21			—		107
Total United States	109		106			219		280
International
Service cost	14		21			29		43
Interest cost	49		35			96		71
Expected return on plan assets	(51)		(44)			(102)		(92)
Amortization of prior service costs (credits)	2		1			4		3
Amortization of actuarial losses (gains)	2		4			4		8
Settlement losses	—		(9)			—		(9)
Acquisitions / (divestitures)	—		—			(2)		—
Total International	16		8			29		24
Net Periodic Pension Benefit Costs	$	125	$	114		$	248	$	304
Other Benefits*
Service cost	$	8	$	10		$	16	$	21
Interest cost	25		16			49		31
Amortization of prior service costs (credits)	(7)		(7)			(13)		(13)
Amortization of actuarial losses (gains)	(4)		3			(9)		6
Net Periodic Other Benefit Costs	$	22	$	22		$	43	$	45

* 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.