XML 26 R13.htm IDEA: XBRL DOCUMENT v3.24.3
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
 
We present Comprehensive income (loss) and its components in the Consolidated Statements of Comprehensive Income (Loss). Changes in the balances for each component of AOCI were as follows:
(Millions of dollars)Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Foreign currency translation
Balance at beginning of period$(1,096)$(1,059)$(996)$(1,068)
Gains (losses) on foreign currency translation151 (89)5 (89)
Less: Tax provision/(benefit)(22)13 (7)4 
Net gains (losses) on foreign currency translation173 (102)12 (93)
(Gains) losses reclassified to earnings— — 61 — 
Less: Tax provision/(benefit)— — — — 
Net (gains) losses reclassified to earnings— — 61 — 
Other comprehensive income (loss), net of tax173 (102)73 (93)
Balance at end of period$(923)$(1,161)$(923)$(1,161)
Derivative financial instruments
Balance at beginning of period$14 $21 $18 $21 
Gains (losses) deferred(50)79 132 74 
Less: Tax provision/(benefit)(5)20 41 18 
Net gains (losses) deferred(45)59 91 56 
(Gains) losses reclassified to earnings44 (85)(142)(81)
Less: Tax (provision)/benefit6 (22)(40)(21)
Net (gains) losses reclassified to earnings38 (63)(102)(60)
Other comprehensive income (loss), net of tax(7)(4)(11)(4)
Balance at end of period$7 $17 $7 $17 
Total Accumulated other comprehensive income (loss) at end of period$(916)$(1,144)$(916)$(1,144)