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v3.25.1

Pension and Postretirement Plans | 3 Months Ended
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Mar. 31, 2025
Retirement Benefits [Abstract] |
Pension and Postretirement Plans | Pension and Postretirement Plans The components of net periodic benefit cost for the three months ended March 31, 2025 and 2024, were as follows:
| 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 March 31 |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 31 |  |  | 3 |  |  | 29 |  |  | 3 |  |  | — |  |  | 1 |
Interest cost | 32 |  |  | 8 |  |  | 28 |  |  | 8 |  |  | 2 |  |  | 2 |
Expected return on plan assets | (38) |  |  | (11) |  |  | (38) |  |  | (11) |  |  | — |  |  | — |
Amortization of net actuarial loss (gain) | 4 |  |  | — |  |  | 3 |  |  | — |  |  | (1) |  |  | (1) |
Settlements | 2 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost* | $ | 31 |  |  | — |  |  | 23 |  |  | — |  |  | 1 |  |  | 2 |
* Included in the “Operating expenses” and “Selling, general and administrative expenses” line items on our consolidated statement of income.
During the three months ended March 31, 2025, we contributed $49 million to our U.S. pension and other postretirement benefit plans and $1 million to our international pension plans. We currently expect to make additional contributions of approximately $26 million to our U.S. pension and other postretirement benefit plans and approximately $4 million to our international pension plans during the remainder of 2025. Cash contributions are included in the “Other” line item of the “Cash Flows From Operating Activities” section of our consolidated statement of cash flows.

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