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Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit costs for 2021 and 2020 are as follows:

									Three Months Ended March 31
															2021						2020
									(Millions of dollars)
Pension Benefits
United States
Service cost															$	117					$	124
Interest cost															55						88
Expected return on plan assets															(149)						(162)
Amortization of prior service costs (credits)															1						1
Amortization of actuarial losses (gains)															104						96
Settlement losses															317						60
Total United States															445						207
International
Service cost															34						32
Interest cost															33						43
Expected return on plan assets															(46)						(52)
Amortization of prior service costs (credits)															2						2
Amortization of actuarial losses (gains)															10						10
Settlement losses															—						—
Total International															33						35
Net Periodic Pension Benefit Costs															$	478					$	242
Other Benefits*
Service cost															$	11					$	9
Interest cost															13						18
Amortization of prior service costs (credits)															(7)						(6)
Amortization of actuarial losses (gains)															4						—
Net Periodic Other Benefit Costs															$	21					$	21

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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.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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