Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2025

Short-Term Debt [Abstract]

Short-term borrowings

Short-term borrowings outstanding as of December 31, were comprised of the following: 

(Millions of dollars)	2025			2024
	Balance		Weighted Avg. Rate	Balance		Weighted Avg. Rate
Commercial paper, net	$	5,408	3.8%	$	3,946	4.5%
Bank borrowings and other	106		10.1%	165		10.8%
Variable denomination floating rate demand notes	—		—%	282		4.2%
Total	$	5,514		$	4,393