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Pension and Postretirement Plans (Tables)

3 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Cost

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.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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