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Restructuring Income/Costs | 9 Months Ended
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Sep. 30, 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 and nine months ended September 30, 2025 and 2024 were as follows:
(Millions of dollars) |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Employee separations 1 |  | $ | 32 |  |  | $ | 17 |  |  | $ | 59 |  |  | $ | 49 |
Divestitures 1 |  | — |  |  | — |  |  | — |  |  | 164 |
Contract terminations 1 |  | — |  |  | 6 |  |  | 4 |  |  | 7 |
Long-lived asset impairments 1 |  | — |  |  | — |  |  | 14 |  |  | 7 |
Other 2 |  | 5 |  |  | 47 |  |  | 52 |  |  | 95 |
Total restructuring (income) costs |  | $ | 37 |  |  | $ | 70 |  |  | $ | 129 |  |  | $ | 322 |
1 Recognized in Other operating (income) expenses. |  |  |  |
2 Represents costs related to our restructuring programs, primarily for inventory write-downs, project management, equipment relocation and accelerated depreciation, all of which are primarily included in Cost of goods sold.
The restructuring costs for the nine months ended September 30, 2025 were related to restructuring actions across the company. The restructuring costs for the nine months ended September 30, 2024 were primarily related to the divestitures of certain non-US entities. In 2025 and 2024, all restructuring costs are excluded from segment profit.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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