Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in the balances for each component of AOCI were as follows:

(Millions of dollars)	Three Months Ended March 31,
	2025		2024
Foreign currency translation
Balance at beginning of period	$	(1,256)	$	(996)
Gains (losses) on foreign currency translation	88		(110)
Less: Tax provision/(benefit)	—		11
Net gains (losses) on foreign currency translation	88		(121)
Other comprehensive income (loss), net of tax	88		(121)
Balance at end of period	$	(1,168)	$	(1,117)
Derivative financial instruments
Balance at beginning of period	$	24	$	18
Gains (losses) deferred	(6)		108
Less: Tax provision/(benefit)	(1)		28
Net gains (losses) deferred	(5)		80
(Gains) losses reclassified to earnings	(9)		(111)
Less: Tax (provision)/benefit	(2)		(29)
Net (gains) losses reclassified to earnings	(7)		(82)
Other comprehensive income (loss), net of tax	(12)		(2)
Balance at end of period	$	12	$	16
Total Accumulated other comprehensive income (loss) at end of period	$	(1,156)	$	(1,101)