Employee Benefits (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit costs for 2022 and 2021 are as follows:

	Three Months Ended September 30					Nine Months Ended September 30
	2022		2021			2022		2021
	(Millions of dollars)				(Millions of dollars)
Pension Benefits
United States
Service cost	$	116	$	112		$	351	$	337
Interest cost	72		56			207		175
Expected return on plan assets	(161)		(145)			(484)		(439)
Amortization of prior service costs (credits)	—		—			1		1
Amortization of actuarial losses (gains)	55		68			180		245
Settlement losses	233		108			340		576
Total United States	315		199			595		895
International
Service cost	20		27			63		98
Interest cost	33		35			104		104
Expected return on plan assets	(43)		(42)			(135)		(131)
Amortization of prior service costs (credits)	2		2			5		6
Amortization of actuarial losses (gains)	4		11			12		35
Settlement losses	—		(1)			(9)		(1)
Total International	16		32			40		111
Net Periodic Pension Benefit Costs	$	331	$	231		$	635	$	1,006
Other Benefits*
Service cost	$	11	$	11		$	32	$	32
Interest cost	14		15			45		41
Amortization of prior service costs (credits)	(7)		(7)			(20)		(20)
Amortization of actuarial losses (gains)	4		3			10		11
Net Periodic Other Benefit Costs	$	22	$	22		$	67	$	64

* 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.