Changes in Accumulated Other Comprehensive Losses (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Accumulated Other Comprehensive Income (Loss)

The change in Accumulated Other Comprehensive Losses (AOCL) presented on the Consolidated Balance Sheet and the impact of significant amounts reclassified from AOCL on information presented in the Consolidated Statement of Income for the nine months ended September 30, 2024 and 2023, are reflected in the table below.

Changes in Accumulated Other Comprehensive Income (Loss) by Component(1)



	Currency Translation Adjustment		Unrealized Holding Gains (Losses) on Securities		Derivatives		Defined Benefit Plans		Total
	(Millions of dollars)
Balance at December 31, 2022	$	(203)	$	(12)	$	(12)	$	(2,571)	$	(2,798)
Components of Other Comprehensive Income (Loss):
Before Reclassifications	(21)		(4)		(18)		51		8
Reclassifications(2) (3)	—		—		17		176		193
Net Other Comprehensive Income (Loss)	(21)		(4)		(1)		227		201
Balance at September 30, 2023	$	(224)	$	(16)	$	(13)	$	(2,344)	$	(2,597)

Balance at December 31, 2023	$	(192)	$	(11)	$	5	$	(2,762)	$	(2,960)
Components of Other Comprehensive Income (Loss):
Before Reclassifications	(9)		(5)		(36)		13		(37)
Reclassifications(2) (3)	—		—		43		129		172
Net Other Comprehensive Income (Loss)	(9)		(5)		7		142		135
Balance at September 30, 2024	$	(201)	$	(16)	$	12	$	(2,620)	$	(2,825)

(1)All amounts are net of tax.

(2)Refer to Note 14 Financial and Derivative Instruments for reclassified components of cash flow hedging.

(3)Refer to Note 8 Employee Benefits for reclassified components, including amortization of actuarial gains or losses, amortization of prior service costs and settlement losses, totaling $177 that are included in employee benefit costs for the nine months ended September 30, 2024. Related income taxes for the same period, totaling $48, are reflected in “Income Tax Expense (Benefit)” on the Consolidated Statement of Income. All other reclassified amounts were insignificant.