Employee Benefits (Tables)

9 Months Ended

Sep. 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 September 30					Nine Months Ended September 30
	2023		2022			2023		2022
	(Millions of dollars)				(Millions of dollars)
Pension Benefits
United States
Service cost	$	86	$	116		$	257	$	351
Interest cost	112		72			336		207
Expected return on plan assets	(140)		(161)			(419)		(484)
Amortization of prior service costs (credits)	1		—			3		1
Amortization of actuarial losses (gains)	51		55			152		180
Settlement losses	53		233			53		340
Total United States	163		315			382		595
International
Service cost	15		20			44		63
Interest cost	49		33			145		104
Expected return on plan assets	(52)		(43)			(154)		(135)
Amortization of prior service costs (credits)	2		2			6		5
Amortization of actuarial losses (gains)	2		4			6		12
Settlement losses	—		—			—		(9)
Acquisitions / (divestitures)	—		—			(2)		—
Total International	16		16			45		40
Net Periodic Pension Benefit Costs	$	179	$	331		$	427	$	635
Other Benefits*
Service cost	$	9	$	11		$	25	$	32
Interest cost	23		14			72		45
Amortization of prior service costs (credits)	(6)		(7)			(19)		(20)
Amortization of actuarial losses (gains)	(5)		4			(14)		10
Net Periodic Other Benefit Costs	$	21	$	22		$	64	$	67

* 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.