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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2025
Long-Term Debt, Unclassified [Abstract]  
Long-term debt
Long-term debt outstanding as of December 31, was comprised of the following: 
(Millions of dollars)20252024
 BalanceWeighted Avg. RateBalanceWeighted Avg. Rate
Medium-term notes$26,424 3.8%$24,940 3.9%
Unamortized discount and debt issuance costs(41) (42) 
Fair value adjustments54 (16)
Medium-term notes, net26,437  24,882  
Bank borrowings and other666 10.7%524 9.6%
Total$27,103  $25,406  
Maturities of Long-term debt outstanding (excluding fair value adjustments) in each of the next five years
Maturities of Long-term debt outstanding (excluding fair value adjustments) as of December 31, 2025, in each of the next five years, are as follows: 
(Millions of dollars)
 
2026$7,085 
20278,890 
20287,528 
20292,590 
2030456