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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2014
Accumulated other comprehensive income (loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Comprehensive income and its components are presented in the Consolidated Statement of Comprehensive Income. Changes in Accumulated other comprehensive income (loss), net of tax, included in the Consolidated Statement of Changes in Stockholders’ Equity, consisted of the following:

(Millions of dollars)
 
Foreign currency translation
 
Pension and other postretirement benefits
 
Derivative financial instruments
 
Available-for-sale securities
 
Total
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2014
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013
 
$
176

 
$
(4,152
)
 
$
(5
)
 
$
83

 
$
(3,898
)
Other comprehensive income (loss) before reclassifications
 
40

 
—

 
(16
)
 
8

 
32

Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
80

 
(5
)
 
(10
)
 
65

Other comprehensive income (loss)
 
40

 
80

 
(21
)
 
(2
)
 
97

Balance at March 31, 2014
 
$
216

 
$
(4,072
)
 
$
(26
)
 
$
81

 
$
(3,801
)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2013
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
 
$
456

 
$
(6,914
)
 
$
(42
)
 
$
67

 
$
(6,433
)
Other comprehensive income (loss) before reclassifications
 
(366
)
 
15

 
(31
)
 
15

 
(367
)
Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
121

 
11

 
(1
)
 
131

Other comprehensive income (loss)
 
(366
)
 
136

 
(20
)
 
14

 
(236
)
Balance at March 31, 2013
 
$
90

 
$
(6,778
)
 
$
(62
)
 
$
81

 
$
(6,669
)
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 

The effect of the reclassifications out of Accumulated other comprehensive income (loss) on the Consolidated Statement of Results of Operations is as follows:
 
 
 
 
 
 
 
(Millions of dollars)
 
Classification of
income (expense)
 
Three Months Ended March 31, 2014
 
Three Months Ended March 31, 2013
 
 
 
 
 
 
 
Pension and other postretirement benefits:
 
 
 
 
 
 
Amortization of actuarial gain (loss)
 
Note 9 1
 
$
(130
)
 
$
(196
)
Amortization of prior service credit (cost)
 
Note 9 1
 
9

 
14

Amortization of transition asset (obligation)
 
Note 9 1
 
—

 
(1
)
Reclassifications before tax
 
(121
)
 
(183
)
Tax (provision) benefit
 
41

 
62

Reclassifications net of tax
 
$
(80
)
 
$
(121
)
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
Foreign exchange contracts
 
Other income (expense)
 
$
10

 
$
(17
)
Interest rate contracts
 
Other income (expense)
 
(1
)
 
—

Interest rate contracts
 
Interest expense of Financial Products
 
(1
)
 
(1
)
Reclassifications before tax
 
8

 
(18
)
Tax (provision) benefit
 
(3
)
 
7

Reclassifications net of tax
 
$
5

 
$
(11
)
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
Realized gain (loss) on sale of securities
 
Other income (expense)
 
$
14

 
$
1

Tax (provision) benefit
 
(4
)
 
—

Reclassifications net of tax
 
$
10

 
$
1

 
 
 
 
 
 
 
Total reclassifications from Accumulated other comprehensive income (loss)
 
$
(65
)
 
$
(131
)

1    Amounts are included in the calculation of net periodic benefit cost. See Note 9 for additional information.