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Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Changes in Accumulated other comprehensive income (loss), net of tax
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 September 30, 2016
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2016
 
$
(1,648
)
 
$
29

 
$
(49
)
 
$
35

 
$
(1,633
)
Other comprehensive income (loss) before reclassifications
 
124

 
2

 
(28
)
 
5

 
103

Amounts reclassified from accumulated other comprehensive (income) loss
 
13

 
(10
)
 
6

 
(6
)
 
3

Other comprehensive income (loss)
 
137

 
(8
)
 
(22
)
 
(1
)
 
106

Balance at September 30, 2016
 
$
(1,511
)
 
$
21

 
$
(71
)
 
$
34

 
$
(1,527
)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2015
 
$
(1,554
)
 
$
(49
)
 
$
(73
)
 
$
82

 
$
(1,594
)
Other comprehensive income (loss) before reclassifications
 
(235
)
 
1

 
(12
)
 
(15
)
 
(261
)
Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
(8
)
 
20

 
(18
)
 
(6
)
Other comprehensive income (loss)
 
(235
)
 
(7
)
 
8

 
(33
)
 
(267
)
Balance at September 30, 2015
 
$
(1,789
)
 
$
(56
)
 
$
(65
)
 
$
49

 
$
(1,861
)
 
 
 
 
 
 
 
 
 
 
 

(Millions of dollars)
 
Foreign currency translation
 
Pension and other postretirement benefits
 
Derivative financial instruments
 
Available-for-sale securities
 
Total
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
 
$
(1,953
)
 
$
(69
)
 
$
(50
)
 
$
37

 
$
(2,035
)
Other comprehensive income (loss) before reclassifications
 
429

 
119

 
(37
)
 
21

 
532

Amounts reclassified from accumulated other comprehensive (income) loss
 
13

 
(29
)
 
16

 
(24
)
 
(24
)
Other comprehensive income (loss)
 
442

 
90

 
(21
)
 
(3
)
 
508

Balance at September 30, 2016
 
$
(1,511
)
 
$
21

 
$
(71
)
 
$
34

 
$
(1,527
)
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
 
$
(992
)
 
$
(31
)
 
$
(119
)
 
$
83

 
$
(1,059
)
Other comprehensive income (loss) before reclassifications
 
(797
)
 
1

 
(15
)
 
(13
)
 
(824
)
Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
(26
)
 
69

 
(21
)
 
22

Other comprehensive income (loss)
 
(797
)
 
(25
)
 
54

 
(34
)
 
(802
)
Balance at September 30, 2015
 
$
(1,789
)
 
$
(56
)
 
$
(65
)
 
$
49

 
$
(1,861
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reclassifications out of Accumulated other comprehensive income (loss)
The effect of the reclassifications out of Accumulated other comprehensive income (loss) on the Consolidated Statement of Results of Operations is as follows:
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30
(Millions of dollars)
 
Classification of
income (expense)
 
2016

2015
 
 
 
 
 
 
 
Foreign currency translation
 
 
 
 
 
 
Gain (loss) on foreign currency translation
 
Other income (expense)
 
$
(13
)
 
$
—

Tax (provision) benefit
 
—

 
—

Reclassifications net of tax
 
$
(13
)
 
$
—

 
 
 
 
 
 
 
Pension and other postretirement benefits:
 
 
 
 
 
 
Amortization of prior service credit (cost)
 
Note 9 1
 
$
15

 
$
13

Tax (provision) benefit
 
(5
)
 
(5
)
Reclassifications net of tax
 
$
10

 
$
8

 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
Foreign exchange contracts
 
Other income (expense)
 
$
(6
)
 
$
(29
)
Interest rate contracts
 
Interest expense excluding Financial Products
 
(2
)
 
(1
)
Interest rate contracts
 
Interest expense of Financial Products
 
—

 
(1
)
Reclassifications before tax
 
(8
)
 
(31
)
Tax (provision) benefit
 
2

 
11

Reclassifications net of tax
 
$
(6
)
 
$
(20
)
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
Realized gain (loss)
 
Other income (expense)
 
$
9

 
$
27

Tax (provision) benefit
 
(3
)
 
(9
)
Reclassifications net of tax
 
$
6

 
$
18

 
 
 
 
 
 
 
Total reclassifications from Accumulated other comprehensive income (loss)
 
$
(3
)
 
$
6

1    Amounts are included in the calculation of net periodic benefit cost. See Note 9 for additional information.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30
(Millions of dollars)
 
Classification of
income (expense)
 
2016
 
2015
 
 
 
 
 
 
 
Foreign currency translation
 
 
 
 
 
 
Gain (loss) on foreign currency translation
 
Other income (expense)
 
$
(13
)
 
$
—

Tax (provision) benefit
 
—

 
—

Reclassifications net of tax
 
$
(13
)
 
$
—

 
 
 
 
 
 
 
Pension and other postretirement benefits:
 
 
 
 
 
 
Amortization of prior service credit (cost)
 
Note 9 1
 
$
45

 
$
40

Tax (provision) benefit
 
(16
)
 
(14
)
Reclassifications net of tax
 
$
29

 
$
26

 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
Foreign exchange contracts
 
Other income (expense)
 
$
(16
)
 
$
(101
)
Interest rate contracts
 
Interest expense excluding Financial Products
 
(5
)
 
(4
)
Interest rate contracts
 
Interest expense of Financial Products
 
(3
)
 
(4
)
Reclassifications before tax
 
(24
)
 
(109
)
Tax (provision) benefit
 
8

 
40

Reclassifications net of tax
 
$
(16
)
 
$
(69
)
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
Realized gain (loss)
 
Other income (expense)
 
$
36

 
$
31

Tax (provision) benefit
 
(12
)
 
(10
)
Reclassifications net of tax
 
$
24

 
$
21

 
 
 
 
 
 
 
Total reclassifications from Accumulated other comprehensive income (loss)
 
$
24

 
$
(22
)
 
 
 
 
 
 
 
1    Amounts are included in the calculation of net periodic benefit cost. See Note 9 for additional information.