Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2026

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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Foreign currency translation
Balance at beginning of period	$	(949)	$	(1,168)	$	(928)	$	(1,256)
Gains (losses) on foreign currency translation	(24)		222		(45)		310
Less: Tax provision/(benefit)	—		—		—		—
Net gains (losses) on foreign currency translation	(24)		222		(45)		310
Other comprehensive income (loss), net of tax	(24)		222		(45)		310
Balance at end of period	$	(973)	$	(946)	$	(973)	$	(946)
Derivative financial instruments
Balance at beginning of period	$	2	$	12	$	(10)	$	24
Gains (losses) deferred	(16)		64		(105)		58
Less: Tax provision/(benefit)	(3)		17		(26)		16
Net gains (losses) deferred	(13)		47		(79)		42
(Gains) losses reclassified to earnings	42		(74)		146		(83)
Less: Tax (provision)/benefit	8		(20)		34		(22)
Net (gains) losses reclassified to earnings	34		(54)		112		(61)
Other comprehensive income (loss), net of tax	21		(7)		33		(19)
Balance at end of period	$	23	$	5	$	23	$	5
Total Accumulated other comprehensive income (loss) at end of period	$	(950)	$	(941)	$	(950)	$	(941)