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Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Loss in the Equity Section of the Balance Sheet
Accumulated other comprehensive income (loss) in the equity section of our consolidated balance sheet includes:

Millions of Dollars

Defined Benefit
Plans
Unrealized Holding Gain/(Loss) on
Securities
Foreign
Currency
Translation
 Unrealized Gain/(Loss) on Hedging Activities
Accumulated
Other
Comprehensive
Income/(Loss)
December 31, 2023$(393)(5,344)62 (5,673)
Other comprehensive income (loss)
14 10 (156)(40)(172)
September 30, 2024$(379)12 (5,500)22 (5,845)
Schedule of Items Reclassified out of Accumulated Other Comprehensive Income (Loss)
The following table summarizes reclassifications out of accumulated other comprehensive income (loss) and into net income (loss):

Millions of Dollars

Three Months Ended
September 30
Nine Months Ended
September 30

2024202320242023
Defined benefit plans*
$5 14 26 
*The above amounts are included in the computation of net periodic benefit cost and are presented net of tax expense of $1 million and $2 million for the three-month periods ended September 30, 2024 and September 30, 2023, respectively, and $5 million and $8 million for the nine-month periods ended September 30, 2024 and September 30, 2023, respectively. See Note 14.