v3.25.4
Inventories (Tables)
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Inventories Inventories consisted of the following:
December 31,
Millions of dollars
2025
2024
Finished products and parts
$1,968
$1,956
Raw materials and supplies
884
952
Work in process
124
132
Total inventories
$2,976
$3,040
All amounts in the table above are reported net of obsolescence reserves of $54 million at December 31, 2025 and $62
million at December 31, 2024.