Pension and Postretirement Plans (Tables)

3 Months Ended

Mar. 31, 2026

The components of net periodic benefit cost for the three months ended March 31, 2026 and 2025, were as follows:


	Millions of Dollars
	Pension Benefits					Other Benefits
	2026			2025		2026	2025
	U.S.		Int’l.	U.S.	Int’l.
Components of Net Periodic Benefit Cost
Three Months Ended March 31
Service cost	$	34	2	31	3	—	—
Interest cost	32		9	32	8	2	2
Expected return on plan assets	(41)		(12)	(38)	(11)	—	—

Amortization of net actuarial loss (gain)	3		—	4	—	(1)	(1)
Settlements	2		—	2	—	—	—
Net periodic benefit cost*	$	30	(1)	31	—	1	1









* Included within the “Operating expenses” and “Selling, general and administrative expenses” line items on our consolidated statement of income.