Credit commitments (Tables)

12 Months Ended

Dec. 31, 2024

Credit Commitments [Abstract]

Summary of Credit Commitments

	December 31, 2024
(Millions of dollars)	Consolidated		Machinery, Energy & Transportation		Financial Products
Credit lines available:
Global credit facilities	$	10,500	$	2,750	$	7,750
Other external	4,062		610		3,452
Total credit lines available	14,562		3,360		11,202
Less: Commercial paper outstanding	(3,946)		—		(3,946)
Less: Utilized credit	(687)		—		(687)
Available credit	$	9,929	$	3,360	$	6,569