v3.25.4

Receivables (Tables) | 12 Months Ended
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Dec. 31, 2025
Receivables [Abstract] |
Financing Receivable, Allowance for Credit Loss | The table below presents a rollforward of our allowance for credit losses for 2023, 2024 and 2025.
Millions of dollars | Balance at Beginning of Period | Provision (a) | Other (b) | Balance at End of Period (c)
Year ended December 31, 2023 | $731 | $22 | $(11) | $742
Year ended December 31, 2024 | 742 | 17 | (5) | 754
Year ended December 31, 2025 | 754 | 57 | (6) | 805
(a) | Represents increases to allowance for credit losses charged to costs and expenses, net of recoveries.
(b) | Includes write-offs and other activity.
(c) | The allowance for credit losses in all years is primarily comprised of a full reserve against accounts receivable with our primary customer in Venezuela.

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