Financial Instruments (Tables)

9 Months Ended

Sep. 28, 2014

Financial Instruments [Abstract]

Schedule of Long-term Debt Instruments

The components of our long-term debt follow:

	September 28,			December 31,
(MILLIONS OF DOLLARS)	2014			2013
Lines of credit, due 2016-2017	$	2		$	2
1.150% Senior Notes due 2016	400			400
1.875% Senior Notes due 2018	750			750
3.250% Senior Notes due 2023	1,350			1,350
4.700% Senior Notes due 2043	1,150			1,150
	3,652			3,652
Unamortized debt discount	(10		)	(10		)
Long-term debt	$	3,642		$	3,642

Schedule of Maturities of Long-term Debt

The principal amount of long-term debt outstanding as of September 28, 2014, matures in the following years:

											After
(MILLIONS OF DOLLARS)	2015		2016		2017		2018		2019		2019		Total
Maturities	$	—	$	401	$	1	$	750	$	—	$	2,500	$	3,652

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The location and fair values of derivative instruments not designated as hedging instruments are as follows:

		Fair Value of Derivatives
		September 28,			December 31,
(MILLIONS OF DOLLARS)	Balance Sheet Location	2014			2013
Foreign currency forward-exchange contracts	Other current assets	$	4		$	10
Foreign currency forward-exchange contracts	Other current liabilities	(4		)	(5		)
Total foreign currency forward-exchange contracts		$	—		$	5