Other Charges (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Summary of Other Charges

The following table summarizes the activities related to the company's pre-tax Other charges for the six months ended June 30, 2023:

	Six Months Ended June 30, 2023
(millions of dollars)	Severance costs		Other cost reduction charges		Total cost reduction program related charges		Other charges		Total other charges
Balance, December 31, 2022	$	281	$	27	$	308	$	12	$	320
2023 Other charges	24		—		24		16		40
Less: Cash payments / receipts	(100)		(1)		(101)		—		(101)
Less: Non-cash charges	—		—		—		7		7
Foreign currency translation and other	(3)		—		(3)		—		(3)
Balance, June 30, 2023	$	202	$	26	$	228	$	35	$	263