Cost Reduction Programs and Other Charges (Tables)

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Summary of Cost Reductions

The following table summarizes the activities related to the company's cost reduction related charges for the three months ended March 31, 2022:

(millions of dollars)	Severance costs		Other cost reduction charges		Total cost reduction program related charges		Merger-related and other charges		Total
Balance, December 31, 2021	$	384	$	38	$	422	$	31	$	453
2022 Cost Reduction Programs and Other Charges	4		—		4		(8)		(4)
Less: Cash payments / receipts	(34)		(1)		(35)		5		(30)
Foreign currency translation and other	(8)		(3)		(11)		—		(11)
Balance, March 31, 2022	$	346	$	34	$	380	$	28	$	408