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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss)
We present comprehensive income and its components in the Consolidated Statement of Comprehensive Income. Changes in the balances for each component of AOCI were as follows:

Three Months Ended March 31,
(Millions of dollars)20252024
Foreign currency translation:
Beginning balance$(2,310)$(1,782)
Gains (losses) on foreign currency translation188 (213)
Less: Tax provision /(benefit)— 11 
Net gains (losses) on foreign currency translation188 (224)
(Gains) losses reclassified to earnings— (33)
Less: Tax provision /(benefit)— — 
Net (gains) losses reclassified to earnings— (33)
Other comprehensive income (loss), net of tax188 (257)
Ending balance$(2,122)$(2,039)
Pension and other postretirement benefits
Beginning balance$(61)$(49)
Current year prior service credit (cost)— — 
Less: Tax provision /(benefit)— — 
Net current year prior service credit (cost)— — 
Amortization of prior service (credit) cost(1)(3)
Less: Tax provision /(benefit)— — 
Net amortization of prior service (credit) cost(1)(3)
Other comprehensive income (loss), net of tax(1)(3)
Ending balance$(62)$(52)
Derivative financial instruments
Beginning balance$(46)$67 
Gains (losses) deferred76 106 
Less: Tax provision /(benefit)18 28 
Net gains (losses) deferred58 78 
(Gains) losses reclassified to earnings(1)(106)
Less: Tax provision /(benefit)— (28)
Net (gains) losses reclassified to earnings(1)(78)
Other comprehensive income (loss), net of tax57 — 
Ending balance$11 $67 
Available-for-sale securities
Beginning balance$(54)$(56)
Gains (losses) deferred26 (17)
Less: Tax provision /(benefit)6 (3)
Net gains (losses) deferred20 (14)
(Gains) losses reclassified to earnings2 1 
Less: Tax provision /(benefit)— — 
Net (gains) losses reclassified to earnings2 1 
Other comprehensive income (loss), net of tax22 (13)
Ending balance$(32)$(69)
Total AOCI Ending Balance at March 31,
$(2,205)$(2,093)