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Changes in Accumulated Other Comprehensive Losses (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The change in Accumulated Other Comprehensive Losses (AOCL) presented on the Consolidated Balance Sheet and the impact of significant amounts reclassified from AOCL on information presented in the Consolidated Statement of Income for the six months ended June 30, 2024 and 2023, are reflected in the table below. Changes in Accumulated Other Comprehensive Income (Loss) by Component(1)
|  | Currency Translation Adjustment |  | Unrealized Holding Gains (Losses) on Securities |  | Derivatives |  | Defined Benefit Plans |  | Total
|  | (Millions of dollars)
Balance at December 31, 2022 |  | $ | (203) |  |  | $ | (12) |  |  | $ | (12) |  |  | $ | (2,571) |  |  | $ | (2,798) |
Components of Other Comprehensive Income (Loss): |  |  |  |  |  |  |
Before Reclassifications |  | — |  |  | (3) |  |  | (5) |  |  | 14 |  |  | 6 |
Reclassifications(2) (3) |  | — |  |  | — |  |  | 13 |  |  | 68 |  |  | 81 |
Net Other Comprehensive Income (Loss) |  | — |  |  | (3) |  |  | 8 |  |  | 82 |  |  | 87 |
Balance at June 30, 2023 |  | $ | (203) |  |  | $ | (15) |  |  | $ | (4) |  |  | $ | (2,489) |  |  | $ | (2,711) |
Balance at December 31, 2023 |  | $ | (192) |  |  | $ | (11) |  |  | $ | 5 |  |  | $ | (2,762) |  |  | $ | (2,960) |
Components of Other Comprehensive Income (Loss): |  |  |  |  |  |
Before Reclassifications |  | (32) |  |  | (9) |  |  | (46) |  |  | 12 |  |  | (75) |
Reclassifications(2) (3) |  | — |  |  | — |  |  | 27 |  |  | 84 |  |  | 111 |
Net Other Comprehensive Income (Loss) |  | (32) |  |  | (9) |  |  | (19) |  |  | 96 |  |  | 36 |
Balance at June 30, 2024 |  | $ | (224) |  |  | $ | (20) |  |  | $ | (14) |  |  | $ | (2,666) |  |  | $ | (2,924) |
(1)All amounts are net of tax. (2)Refer to Note 14 Financial and Derivative Instruments for reclassified components of cash flow hedging. (3)Refer to Note 8 Employee Benefits for reclassified components, including amortization of actuarial gains or losses, amortization of prior service costs and settlement losses, totaling $118 that are included in employee benefit costs for the six months ended June 30, 2024. Related income taxes for the same period, totaling $34, are reflected in “Income Tax Expense (Benefit)” on the Consolidated Statement of Income. All other reclassified amounts were insignificant.

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
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