Additional Working Capital Information

12 Months Ended

Dec. 31, 2024

Additional Working Capital Information [Abstract]


(millions of dollars)	December 31, 2024	December 31, 2023

Notes and accounts receivable
Trade, less reserves of $162 million and $170 million	35,282	30,296
Other, less reserves of $314 million and $101 million	8,399	7,719
Total	43,681	38,015

Notes and loans payable
Bank loans	63	6
Commercial paper	—	75
Long-term debt due within one year	4,892	4,009
Total	4,955	4,090

Accounts payable and accrued liabilities
Trade payables	36,145	31,249
Payables to equity companies	10,378	11,885
Accrued taxes other than income taxes	3,577	3,817
Other	11,197	11,086
Total	61,297	58,037

Trade notes and accounts receivables include both receivables within the scope of ASC 606 and outside the scope of ASC 606. Receivables outside the scope of ASC 606 primarily relate to physically settled commodity contracts accounted for as derivatives. Credit quality and type of customer are generally similar between receivables within the scope of ASC 606 and those outside it.

The Corporation has short-term committed lines of credit of $0.2 billion which were unused as of December 31, 2024. These lines of credit are available for general corporate purposes.