XML 47 R12.htm IDEA: XBRL DOCUMENT v3.25.1
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
 3 Months Ended
Mar. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
The following table summarizes the components of net periodic pension cost and the cost of other postretirement benefits for the periods presented:
Three Months Ended March 31,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Service cost$1 $1 $— $1 $— $— 
Interest cost24 25 1 7 2 2 
Expected return on plan assets(30)(37)— (6)— — 
Amortization:
Actuarial gain10 10 — 1 — — 
Prior service credit— — — — (1)— 
Settlement and curtailment (gain) loss— — (2)— — — 
Net periodic benefit cost (credit)$5 $(1)$(1)$3 $1 $2 
The following table summarizes the net periodic cost recognized in operating profit and interest and sundry (income) expense for the periods presented:
Three Months Ended March 31,
United States
Pension Benefits		Foreign
Pension Benefits		Other Postretirement
Benefits
Millions of dollars202520242025202420252024
Operating profit (loss)$1 $1 $— $1 $— $— 
Interest and sundry (income) expense4 (2)(1)2 1 2 
Net periodic benefit cost (credit)$5 $(1)$(1)$3 $1 $2 
401(k) Defined Contribution Plan
Beginning in March 2024, the Company matching contributions for our 401(k) defined contribution plan, equal to up to 7% of participants' eligible compensation, covering substantially all U.S. employees, are contributed in company stock.