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Benefit Plans
9 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Benefit Plans Benefit Plans
The Company has defined benefit pension plans covering certain employees in the United States and certain international locations. The measurement date used for these plans is September 30.
Net pension cost included the following components for the three and nine-month periods:
 Three Months Ended
June 30,
Nine Months Ended
June 30,
(Millions of dollars)2025202420252024
Service cost$$22 $28 $69 
Interest cost31 34 101 108 
Expected return on plan assets(41)(37)(135)(117)
Amortization of prior service credit— (1)— (3)
Amortization of loss14 25 44 
Settlement loss30 — 30 — 
Net pension cost$35 $32 $49 $101 
The amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in Accumulated other comprehensive income (loss) in prior periods. All components of the Company’s net periodic pension and postretirement benefit costs, aside from service cost, are recorded to Other expense, net on its condensed consolidated statements of income. The Company recognizes pension settlements when payments from the plan exceed the sum of service and interest cost components of net periodic pension cost associated with the plan for the fiscal year. The settlement loss recorded for the three and nine months ended June 30, 2025 included lump sum benefit payments associated with the Company’s U.S. pension plan.