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Postretirement Benefits | 9 Months Ended
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Sep. 30, 2025
Retirement Benefits [Abstract] |
Postretirement Benefits | Postretirement benefits A. Pension and postretirement benefit costs
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other Postretirement Benefits
| September 30, |  | September 30, |  | September 30,
(Millions of dollars) | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
For the three months ended: |  |  |  |  |  |  |  |  |  |  |
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 12 |  |  | $ | 12 |  |  | $ | 15 |  |  | $ | 16 |
Interest cost | 153 |  |  | 156 |  |  | 28 |  |  | 30 |  |  | 32 |  |  | 33 |
Expected return on plan assets | (180) |  |  | (174) |  |  | (42) |  |  | (43) |  |  | (3) |  |  | (2) |
Amortization of prior service cost (credit) | — |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | (3) |
Net periodic benefit cost (benefit) 1 | $ | (27) |  |  | $ | (18) |  |  | $ | (2) |  |  | $ | (1) |  |  | $ | 43 |  |  | $ | 44 |
For the nine months ended: |  |  |  |  |  |  |  |  |  |  |
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 35 |  |  | $ | 34 |  |  | $ | 47 |  |  | $ | 50 |
Interest cost | 459 |  |  | 469 |  |  | 83 |  |  | 91 |  |  | 93 |  |  | 99 |
Expected return on plan assets | (540) |  |  | (524) |  |  | (122) |  |  | (127) |  |  | (7) |  |  | (6) |
Amortization of prior service cost (credit) | — |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | (10) |
Net periodic benefit cost (benefit) 1 | $ | (81) |  |  | $ | (55) |  |  | $ | (4) |  |  | $ | (2) |  |  | $ | 130 |  |  | $ | 133 |
1 The service cost component is included in Operating costs. All other components are included in Other income (expense).
We made $47 million and $323 million of contributions to our pension and other postretirement plans during the three and nine months ended September 30, 2025, respectively. We currently anticipate full-year 2025 contributions of approximately $354 million. B. Defined contribution benefit costs Total company costs related to our defined contribution plans, which are included in Operating costs in the Consolidated Statement of Results of Operations, were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Millions of dollars) | 2025 |  | 2024 |  | 2025 |  | 2024
U.S. Plans 1 | $ | 185 |  |  | $ | 168 |  |  | $ | 529 |  |  | $ | 506 |
Non-U.S. Plans | 35 |  |  | 32 |  |  | 103 |  |  | 94 |
| $ | 220 |  |  | $ | 200 |  |  | $ | 632 |  |  | $ | 600 |
1 Includes costs related to our non-qualified deferred compensation plans. We utilize total return swaps to economically hedge this exposure to offset the related costs. See Note 5 for additional information.

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