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Other Income (Expense)
3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
Other Income (Expense) Other income (expense)
 Three Months Ended March 31,
(Millions of dollars)20252024
Investment and interest income$99 $136 
Foreign exchange gains (losses) 1
(18)42 
License fee income35 34 
Net periodic pension and OPEB income (cost), excluding service cost11 
Gains (losses) on securities17 
Miscellaneous income (loss)(23)(76)
Total$107 $156 

1 Includes gains (losses) from foreign exchange derivative contracts. See Note 5 for further details.