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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases is as follows:
(Millions of dollars)
December 31,20242023
Operating Leases
Operating lease right-of-use assets$800 $759 
Other current liabilities176 177 
Other long-term liabilities606 572 
Total operating lease liabilities782 749 
Finance Leases
Finance lease right-of-use assets189 179 
Other current liabilities54 50 
Other long-term liabilities150 143 
Total finance lease liabilities$204 $193 
Schedule of Supplemental Operating Lease Information
Supplemental operating lease information:
(Millions of dollars)
December 31,20242023
Weighted average lease term (years)88
Weighted average discount rate4.17 %4.19 %
Schedule of Future Operating Lease Payments
Future operating and finance lease payments as of December 31, 2024 are as follows (millions of dollars):
PeriodOperating LeasesFinancing Leases
2025$202 $65 
2026164 53 
2027129 42 
202896 28 
202968 15 
Thereafter260 44 
Total future undiscounted lease payments919 247 
Less imputed interest(137)(43)
Total reported lease liability$782 $204 
Schedule of Future Financing Lease Payments
Future operating and finance lease payments as of December 31, 2024 are as follows (millions of dollars):
PeriodOperating LeasesFinancing Leases
2025$202 $65 
2026164 53 
2027129 42 
202896 28 
202968 15 
Thereafter260 44 
Total future undiscounted lease payments919 247 
Less imputed interest(137)(43)
Total reported lease liability$782 $204