Restructuring income/costs (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring Charges [Abstract]

Restructuring and related costs

Restructuring costs for 2024, 2023 and 2022 were as follows:

(Millions of dollars)	2024		2023		2022
Employee separations 1	$	64	$	74	$	77
Divestitures 1	164		586		—
Contract terminations 1	7		7		1
Long-lived asset impairments 1	6		3		6
Other 2	118		110		215
Total restructuring (income) costs	$	359	$	780	$	299
1 Recognized in Other operating (income) expenses.
2 Represents costs related to our restructuring programs, primarily for inventory write-downs, project management, equipment relocation and accelerated depreciation, all of which are primarily included in Cost of goods sold.