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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases is as follows:
(Millions of dollars) |  | December 31, 2023 | December 31, 2022
Operating Leases |  |  |
Operating lease right-of-use assets |  | $ | 759 |  | $ | 726 |
Other current liabilities |  | 177 |  | 181 |
Other long-term liabilities |  | 572 |  | 540 |
Total operating lease liabilities |  | 749 |  | 721 |
Finance Leases |  |  |
Finance lease right-of-use assets |  | 179 |  | 146 |
Other current liabilities |  | 50 |  | 42 |
Other long-term liabilities |  | 143 |  | 114 |
Total finance lease liabilities |  | $ | 193 |  | $ | 156 |
Schedule of Supplemental Operating Lease Information | Supplemental operating lease information:
|  | December 31, 2023 | December 31, 2022
Weighted average lease term (years) |  | 8 | 8
Weighted average discount rate |  | 4.19 | % | 3.26 | %
Schedule of Future Operating Lease Payments | Future operating and finance lease payments as of December 31, 2023 are as follows (millions of dollars):
Period |  | Operating Leases |  | Financing Leases
2024 |  | $ | 209 |  |  | $ | 58 |
2025 |  | 157 |  |  | 50 |
2026 |  | 121 |  |  | 40 |
2027 |  | 88 |  |  | 29 |
2028 |  | 60 |  |  | 16 |
Thereafter |  | 268 |  |  | 55 |
Total future undiscounted lease payments |  | 903 |  |  | 248 |
Less imputed interest |  | (154) |  |  | (55) |
Total reported lease liability |  | $ | 749 |  |  | $ | 193 |
Schedule of Future Financing Lease Payments | Future operating and finance lease payments as of December 31, 2023 are as follows (millions of dollars):
Period |  | Operating Leases |  | Financing Leases
2024 |  | $ | 209 |  |  | $ | 58 |
2025 |  | 157 |  |  | 50 |
2026 |  | 121 |  |  | 40 |
2027 |  | 88 |  |  | 29 |
2028 |  | 60 |  |  | 16 |
Thereafter |  | 268 |  |  | 55 |
Total future undiscounted lease payments |  | 903 |  |  | 248 |
Less imputed interest |  | (154) |  |  | (55) |
Total reported lease liability |  | $ | 749 |  |  | $ | 193 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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