Impairments and Other Charges (Tables)

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Impairments and Other Charges

The following table presents various pre-tax charges we recorded during the years ended December 31, 2025 and

2024, which are reflected within “Impairments and other charges” on our Consolidated Statements of Operations.

	Year Ended December 31,
Millions of dollars	2025	2024	2023
Severance costs	$299	$63	$—
Impairment of assets held for sale	224	49	—
Fixed and Other assets write-offs	115	—	—
Impairment of real estate facilities	53	—	—
Equity in earnings loss	50	—	—
Gain on investment	(6)	(43)	—
Cybersecurity incident	(10)	35	—
Other	106	12	—
Total impairments and other charges	$831	$116	$—