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Other income (expense)
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other income (expense) Other income (expense)
 
 Years ended December 31,
(Millions of dollars)202420232022
Investment and interest income$482 $494 $167 
Foreign exchange gains (losses) 1 
71 (96)104 
License fee income142 146 142 
Gains (losses) on securities39 11 (56)
Net periodic pension and OPEB income (cost), excluding service cost
165 

47 868 
Miscellaneous income (loss)(86)(7)66 
Total$813 $595 $1,291 
1 Includes gains (losses) from foreign exchange derivative contracts.  See Note 4 for further details.