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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Funded Status of Pension and Other Postretirement Benefit Plans

The funded status of the company’s pension and OPEB plans for 2024 and 2023 follows:

			Pension Benefits
			2024															2023												Other Benefits
			U.S.						Int’l.									U.S.						Int’l.						2024									2023
Change in Benefit Obligation
Benefit obligation at January 1			$	10,392					$	3,605								$	9,713					$	3,354					$	2,017								$	1,938
Service cost			357						54									342						58						34									33
Interest cost			465						191									448						193						98									97
Plan participants’ contributions			—						2									—						3						54									63
Plan amendments			—						18									—						28						30									—
Actuarial (gain) loss			(382)						(274)									603						17						(144)									103
Foreign currency exchange rate changes			—						(88)									—						180						(6)									5
Benefits paid			(692)						(217)									(714)						(218)						(202)									(222)
Actual expenses/taxes			—						(2)									—						—						—									—
Divestitures/Acquisitions			—						—									—						(14)						—									—
Curtailment			—						—									—						2						(1)									—
Special termination costs			—						—									—						2						—									—
Benefit obligation at December 31			10,140						3,289									10,392						3,605						1,880									2,017
Change in Plan Assets
Fair value of plan assets at January 1			9,137						3,398									7,942						3,286						—									—
Actual return on plan assets			338						(133)									889						46						—									—
Foreign currency exchange rate changes			—						(77)									—						181						—									—
Employer contributions			754						90									1,020						100						148									159
Plan participants’ contributions			—						2									—						3						54									63
Benefits paid			(692)						(217)									(714)						(218)						(202)									(222)
Actual expenses			—						(2)									—						—						—									—
Fair value of plan assets at December 31			9,537						3,061									9,137						3,398						—									—
Funded status at December 31			$	(603)					$	(228)								$	(1,255)					$	(207)					$	(1,880)								$	(2,017)

Schedule of Consolidated Balance Sheet for Pension and Other Postretirement Benefit Plans

Amounts recognized on the Consolidated Balance Sheet for the company’s pension and OPEB plans at December 31, 2024 and 2023, include:

			Pension Benefits
			2024															2023												Other Benefits
			U.S.						Int’l.									U.S.						Int’l.						2024									2023
Deferred charges and other assets			$	607					$	655								$	31					$	703					$	—								$	—
Accrued liabilities			(146)						(71)									(145)						(73)						(149)									(154)
Noncurrent employee benefit plans			(1,064)						(812)									(1,141)						(837)						(1,731)									(1,863)
Net amount recognized at December 31			$	(603)					$	(228)								$	(1,255)					$	(207)					$	(1,880)								$	(2,017)

Schedule of Before Tax Basis Amount in Accumulated Other Comprehensive Loss

Amounts recognized on a before-tax basis in “Accumulated other comprehensive loss” for the company’s pension and OPEB plans were $3,376 and $3,792 at the end of 2024 and 2023, respectively. These amounts consisted of:

			Pension Benefits
			2024															2023												Other Benefits
			U.S.						Int’l.									U.S.						Int’l.						2024									2023
Net actuarial (gain) loss			$	2,796					$	849								$	3,161					$	823					$	(401)								$	(266)
Prior service (credits) costs			33						133									37						126						(34)									(89)
Total recognized at December 31			$	2,829					$	982								$	3,198					$	949					$	(435)								$	(355)

Schedule of Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets

Information for U.S. and international pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2024 and 2023, was:

			Pension Benefits
			2024															2023
			U.S.						Int’l.									U.S.						Int’l.
Projected benefit obligations			$	1,214					$	884								$	1,203					$	913
Accumulated benefit obligations			1,145						744									1,108						773
Fair value of plan assets			7						1									—						4

Schedule of Components of Net Periodic Benefit Cost and Amounts Recognized in Other Comprehensive Income

The components of net periodic benefit cost and amounts recognized in the Consolidated Statement of Comprehensive Income for 2024, 2023 and 2022 are shown in the table below:

			Pension Benefits
			2024												2023						2022									Other Benefits
			U.S.			Int’l.									U.S.			Int’l.			U.S.			Int’l.						2024									2023						2022
Net Periodic Benefit Cost
Service cost			$	357		$	54								$	342		$	58		$	432		$	83					$	34								$	33					$	43
Interest cost			465			191									448			193			318			137						98									97						60
Expected return on plan assets			(597)			(196)									(557)			(204)			(624)			(176)						—									—						—
Amortization of prior service costs (credits)			4			11									4			8			2			6						(25)									(25)						(27)
Recognized actuarial (gains) losses			243			18									199			8			218			15						(15)									(19)						13
Settlement losses (gains)			—			1									56			—			363			(6)						—									—						—
Curtailment losses (gains)			—			—									—			2			—			(5)						(1)									—						—
Special termination benefits			—			—									—			2			—			—						—									—						—
Acquisition/Divestiture losses (gains)			—			—									—			(2)			—			—						—									—						—
Total net periodic benefit cost			472			79									492			65			709			54						91									86						89
Changes Recognized in Comprehensive Income
Net actuarial (gain) loss during period			(122)			45									270			172			(279)			(257)						(151)									108						(514)
Amortization of actuarial (gain) loss			(243)			(19)									(255)			(8)			(581)			(5)						15									19						(13)
Prior service (credits) costs during period			—			18									—			28			40			38						30									1						18
Amortization of prior service (costs) credits			(4)			(11)									(4)			(8)			(2)			(6)						25									25						27
Total changes recognized in other comprehensive income			(369)			33									11			184			(822)			(230)						(81)									153						(482)
Recognized in Net Periodic Benefit Cost and Other Comprehensive Income			$	103		$	112								$	503		$	249		$	(113)		$	(176)					$	10								$	239					$	(393)

Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Costs

The following weighted-average assumptions were used to determine benefit obligations and net periodic benefit costs for years ended December 31:

			Pension Benefits
			2024												2023									2022																		Other Benefits
			U.S.			Int’l.									U.S.			Int’l.						U.S.			Int’l.						2024									2023						2022
Assumptions used to determine benefit obligations:
Discount rate			5.7		%	6.0		%							5.0		%	5.5		%				5.2		%	5.8		%				5.7		%							5.1		%				5.3		%
Rate of compensation increase			4.5		%	3.9		%							4.5		%	3.9		%				4.5		%	4.2		%				N/A									N/A						N/A
Assumptions used to determine net periodic benefit cost:
Discount rate for service cost			5.0		%	5.5		%							5.2		%	5.8		%				3.6		%	2.8		%				5.2		%							5.4		%				3.1		%
Discount rate for interest cost			4.8		%	5.5		%							5.0		%	5.8		%				2.8		%	2.8		%				5.1		%							5.2		%				2.4		%
Expected return on plan assets			7.0		%	5.9		%							7.0		%	6.1		%				6.6		%	3.9		%				N/A									N/A						N/A
Rate of compensation increase			4.5		%	3.9		%							4.5		%	4.2		%				4.5		%	4.1		%				N/A									N/A						N/A

Schedule of Fair Value Measurements of the Company's Pension Plans

The fair value measurements of the company’s pension plans for 2024 and 2023 are as follows:

			U.S.																																	Int’l.
			Total						Level 1						Level 2						Level 3						NAV									Total						Level 1						Level 2						Level 3						NAV
At December 31, 2023
Equities
U.S.1			$	1,691					$	1,689					$	1					$	1					$	—								$	188					$	188					$	—					$	—					$	—
International			1,128						1,128						—						—						—									124						124						—						—						—
Collective Trusts/Mutual Funds2			1,269						4						—						—						1,265									95						6						—						—						89
Fixed Income
Government			82						—						82						—						—									172						101						71						—						—
Corporate			964						—						964						—						—									431						4						427						—						—
Bank Loans			5						—						5						—						—									—						—						—						—						—
Mortgage/Asset Backed			1						—						1						—						—									5						—						5						—						—
Collective Trusts/Mutual Funds2			2,293						—						—						—						2,293									1,819						—						—						—						1,819
Mixed Funds3			—						—						—						—						—									85						8						77						—						—
Real Estate4			1,087						—						—						—						1,087									147						—						24						—						123
Alternative Investments			—						—						—						—						—									9						—						9						—						—
Cash and Cash Equivalents			548						12						—						—						536									81						74						1						—						6
Other5			69						(2)						14						56						1									242						—						11						81						150
Total at December 31, 2023			$	9,137					$	2,831					$	1,067					$	57					$	5,182								$	3,398					$	505					$	625					$	81					$	2,187
At December 31, 2024
Equities
U.S.1			$	1,866					$	1,866					$	—					$	—					$	—								$	180					$	180					$	—					$	—					$	—
International			1,208						1,197						—						11						—									107						97						—						10						—
Collective Trusts/Mutual Funds2			1,191						4						—						—						1,187									98						6						13						—						79
Fixed Income
Government			132						—						132						—						—									167						99						68						—						—
Corporate			1,042						—						1,042						—						—									403						2						401						—						—
Bank Loans			10						—						10						—						—									—						—						—						—						—
Mortgage/Asset Backed			1						—						1						—						—									4						—						4						—						—
Collective Trusts/Mutual Funds2			2,342						—						—						—						2,342									1,594						2						10						—						1,582
Mixed Funds3			—						—						—						—						—									76						—						76						—						—
Real Estate4			1,383						—						—						—						1,383									105						—						16						—						89
Alternative Investments			—						—						—						—						—									9						—						9						—						—
Cash and Cash Equivalents			289						13						—						—						276									108						90						—						—						18
Other5			73						(3)						13						63						—									209						—						12						68						129
Total at December 31, 2024			$	9,537					$	3,077					$	1,198					$	74					$	5,188								$	3,060					$	476					$	609					$	78					$	1,897

1 There were no investments in the company’s common stock at December 31, 2024 or December 31, 2023.

2 Collective Trusts/Mutual Funds for U.S. plans are entirely index funds; for International plans, they are mostly unit trust and index funds.

3 Mixed funds are composed of funds that invest in both equity and fixed-income instruments in order to diversify and lower risk.

4 The year-end valuations of the U.S. real estate assets are based on third-party appraisals that occur at least once a year for each property in the portfolio.

5 The “Other” asset class includes net payables for securities purchased but not yet settled (Level 1); dividends and interest- and tax-related receivables (Level 2); insurance contracts (Level 3); and investments in private-equity limited partnerships (NAV).

Schedule of The Effect of Fair-Value Measurements Using Significant Unobservable Inputs on Changes in Level 3 Plan Assets for the Period

The effects of fair value measurements using significant unobservable inputs on changes in Level 3 plan assets are outlined below:

			Equity
			U.S.						Int’l.									Real Estate									Other									Total
Total at December 31, 2022			$	—					$	—								$	38								$	139								$	177
Actual Return on Plan Assets:
Assets held at the reporting date			1						—									5									—									6
Assets sold during the period			—						—									—									(2)									(2)
Purchases, Sales and Settlements			—						—									—									—									—
Transfers in and/or out of Level 3			—						—									(43)									—									(43)
Total at December 31, 2023			$	1					$	—								$	—								$	137								$	138
Actual Return on Plan Assets:
Assets held at the reporting date			(1)						11									—									—									10
Assets sold during the period			—						2									—									9									11
Purchases, Sales and Settlements			—						2									—									(9)									(7)
Transfers in and/or out of Level 3			—						6									—									(6)									—
Total at December 31, 2024			$	—					$	21								$	—								$	131								$	152

Schedule of Benefit Payments, Which Include Estimated Future Service that are Expected to be Paid by The Company in the Next 10 Years

The following benefit payments, which include estimated future service, are expected to be paid by the company in the next 10 years:

			Pension Benefits												Other
			U.S.						Int’l.						Benefits
2025			$	899					$	205					$	149
2026			901						213						147
2027			894						221						145
2028			879						226						144
2029			871						231						143
2030-2034			4,251						1,279						709

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