Impairment and Other Charges (Tables)

12 Months Ended

Dec. 31, 2024

Impairments and Other Charges [Abstract]

Lessee, Operating and Finance Leases, Liability Maturity Table

The following table summarizes the maturity of our operating and finance leases as of December 31, 2024:

Millions of dollars	Operating Leases		Finance Leases
2025	$	317	$	78
2026	232		75
2027	159		40
2028	101		19
2029	82		10
Thereafter	453		16
Total lease payments	1,344		238
Imputed interest	(284)		(68)
Total lease payments, net of imputed interest	$	1,060	$	170

Restructuring and Related Costs

The following table presents various pre-tax charges we recorded during the years ended December 31, 2024 and 2022 which are reflected within “Impairments and other charges” on our consolidated statements of operations.

	Year Ended December 31,
Millions of dollars	2024		2023		2022
Severance costs	$	63	$	—	$	—
Impairment of assets held for sale	49		—		—
Cybersecurity	35		—		—
Gain on investment	(43)		—		—
Receivables	—		—		202
Long-lived asset impairments	—		—		100
Inventory costs and write-downs	—		—		70
Other	12		—		(6)
Total impairments and other charges	$	116	$	—	$	366