Employee Benefits (Tables)

9 Months Ended

Sep. 30, 2018

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit costs for 2018 and 2017 are as follows:

	Three Months Ended September 30						Nine Months Ended September 30
	2018			2017			2018			2017
	(Millions of dollars)
Pension Benefits
United States
Service cost	$	120		$	122		$	360		$	366
Interest cost	93			91			278			274
Expected return on plan assets	(159		)	(149		)	(477		)	(447		)
Amortization of prior service costs (credits)	—			(1		)	1			(3		)
Amortization of actuarial losses (gains)	76			85			228			255
Settlement losses	128			169			260			325
Total United States	258			317			650			770
International
Service cost	36			38			109			114
Interest cost	49			54			155			164
Expected return on plan assets	(62		)	(61		)	(193		)	(178		)
Amortization of prior service costs (credits)	2			3			8			9
Amortization of actuarial losses (gains)	6			11			23			33
Curtailment losses	3			—			3			—
Total International	34			45			105			142
Net Periodic Pension Benefit Costs	$	292		$	362		$	755		$	912
Other Benefits*
Service cost	$	10		$	8		$	31		$	24
Interest cost	24			23			72			71
Amortization of prior service costs (credits)	(7		)	(7		)	(21		)	(21		)
Amortization of actuarial losses (gains)	4			(1		)	11			(4		)
Net Periodic Other Benefit Costs	$	31		$	23		$	93		$	70

_ ___________________________________

* Includes costs for U.S. and international OPEB plans. Obligations for plans outside the United States are not significant relative to the company’s total OPEB obligation.