XML 37 R22.htm IDEA: XBRL DOCUMENT
v3.25.3

Employee Benefit Plans | 9 Months Ended
--- | ---
Sep. 30, 2025
Retirement Benefits [Abstract] |
Employee Benefit Plans | Note 15—Employee Benefit Plans Pension and Postretirement Plans
| Millions of Dollars
| Pension Benefits |  | Other Benefits
| 2025 |  | 2024 |  | 2025 |  | 2024
| U.S. |  | Int'l. |  | U.S. |  | Int'l. |  |  |  |
Components of net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30 |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 15 |  |  | 7 |  |  | 12 |  |  | 9 |  |  | — |  |  | — |
Interest cost | 24 |  |  | 32 |  |  | 19 |  |  | 28 |  |  | 2 |  |  | 1 |
Expected return on plan assets | (20) |  |  | (46) |  |  | (16) |  |  | (41) |  |  |  |  |
Amortization of prior service cost (credit) | — |  |  | 1 |  |  | — |  |  | — |  |  | (7) |  |  | (10) |
Recognized net actuarial loss (gain) | 3 |  |  | 12 |  |  | 1 |  |  | 15 |  |  | — |  |  | — |
Net periodic benefit cost | $ | 22 |  |  | 6 |  |  | 16 |  |  | 11 |  |  | (5) |  |  | (9) |
Nine Months Ended September 30 |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 44 |  |  | 23 |  |  | 37 |  |  | 28 |  |  | 1 |  |  | 1 |
Interest cost | 70 |  |  | 94 |  |  | 57 |  |  | 85 |  |  | 6 |  |  | 4 |
Expected return on plan assets | (58) |  |  | (135) |  |  | (49) |  |  | (122) |  |  |  |  |
Amortization of prior service cost (credit) | — |  |  | 2 |  |  | — |  |  | — |  |  | (19) |  |  | (29) |
Recognized net actuarial loss (gain) | 8 |  |  | 35 |  |  | 5 |  |  | 43 |  |  | — |  |  | — |
Settlements | — |  |  | 1 |  |  | — |  |  | — |  |  |  |  |
Net periodic benefit cost | $ | 64 |  |  | 20 |  |  | 50 |  |  | 34 |  |  | (12) |  |  | (24) |
The components of net periodic benefit cost, other than the service cost component, are included in the "Other expenses" line of our consolidated income statement. Severance Accrual During 2025, we announced certain cost reduction initiatives. As part of these initiatives, we are anticipating a reduction in our employee workforce. Severance expense of $238 million was recorded in the third quarter of 2025 reflecting the probable and reasonably estimable portion of the related liability. The following table summarizes our severance accrual activity for the nine-month period ended September 30, 2025:
| Millions of Dollars
Balance at December 31, 2024 | $ | 331 |
Accruals | 244
Benefit payments | (239) |
Foreign currency translation adjustment | 2 |
Balance at September 30, 2025 | $ | 338 |
Of the balance at September 30, 2025, $329 million is classified as short-term.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (o) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (p) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480266/715-60-50-3 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 70 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480794/715-70-50-1 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration