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Restructuring Income/Costs
 3 Months Ended
Mar. 31, 2025
Restructuring Charges [Abstract]  
Restructuring Income/Costs Restructuring income/costs
Our accounting for employee separations is dependent upon how the particular program is designed. For voluntary programs, we recognize eligible separation costs at the time of employee acceptance unless the acceptance requires explicit approval by the company. For involuntary programs, we recognize eligible costs when management has approved the program, the affected employees have been properly notified and the costs are estimable.

Restructuring costs for the three months ended March 31, 2025 and 2024 were as follows:

(Millions of dollars)Three Months Ended March 31,
20252024
Employee separations 1
$17 $13 
Divestitures 1
— (64)
Contract terminations 1
4 — 
Long-lived asset impairments 1
— 7 
Other 2
12 38 
Total restructuring (income) costs$33 $(6)
1 Recognized in Other operating (income) expenses.
2 Represents costs related to our restructuring programs, primarily for project management, inventory write-downs, accelerated depreciation and equipment relocation, all of which are primarily included in Cost of goods sold.

The restructuring costs for the three months ended March 31, 2025 were related to restructuring actions across the company. The restructuring income for the three months ended March 31, 2024 was primarily related to the divestiture of a non-US mining entity.

In 2025 and 2024, all restructuring costs are excluded from segment profit.