XML 55 R26.htm IDEA: XBRL DOCUMENT v3.6.0.2
Accumulated other comprehensive income (loss)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)

Comprehensive income and its components are presented in Statement 2. Changes in Accumulated other comprehensive income (loss), net of tax, included in Statement 4, consisted of the following:
 
 
 
 
 
 
 
 
 
 
 
(Millions of dollars)
 
Foreign currency translation
 
Pension and other postretirement benefits
 
Derivative financial instruments
 
Available-for-sale securities
 
Total
Balance at December 31, 2013
 
$
163

 
$
(10
)
 
$
(5
)
 
$
83

 
$
231

Other comprehensive income (loss) before reclassifications
 
(1,155
)
 
4

 
(118
)
 
24

 
(1,245
)
Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
(25
)
 
4

 
(24
)
 
(45
)
Other comprehensive income (loss)
 
(1,155
)
 
(21
)
 
(114
)
 
—

 
(1,290
)
Balance at December 31, 2014
 
$
(992
)
 
$
(31
)
 
$
(119
)
 
$
83

 
$
(1,059
)
Other comprehensive income (loss) before reclassifications
 
(961
)
 
(3
)
 
(19
)
 
(10
)
 
(993
)
Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
(35
)
 
88

 
(36
)
 
17

Other comprehensive income (loss)
 
(961
)
 
(38
)
 
69

 
(46
)
 
(976
)
Balance at December 31, 2015
 
$
(1,953
)
 
$
(69
)
 
$
(50
)
 
$
37

 
$
(2,035
)
Other comprehensive income (loss) before reclassifications
 
(34
)
 
118

 
(62
)
 
26

 
48

Amounts reclassified from accumulated other comprehensive (income) loss
 
17

 
(35
)
 
(3
)
 
(31
)
 
(52
)
Other comprehensive income (loss)
 
(17
)
 
83

 
(65
)
 
(5
)
 
(4
)
Balance at December 31, 2016
 
$
(1,970
)
 
$
14

 
$
(115
)
 
$
32

 
$
(2,039
)

 
 
 
 
 


The effect of the reclassifications out of Accumulated other comprehensive income (loss) on Statement 1 is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31,
 
(Millions of dollars)
 
Classification of income (expense)
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation:
 
 
 
 
 
 
 
 
 
Gain (loss) on foreign currency translation
 
Other income (expense)
 
$
(17
)
 
$
—

 
$
—

 
Tax (provision) benefit
 
—

 
—

 
—

 
Reclassifications net of tax
 
$
(17
)
 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
Pension and other postretirement benefits:
 
 
 
 
 
 
 
 
 
Amortization of prior service credit (cost)
 
Note 12 1
 
$
56

 
$
53

 
$
38

 
Tax (provision) benefit
 
(21
)
 
(18
)
 
(13
)
 
Reclassifications net of tax
 
$
35

 
$
35

 
$
25

 
 
 
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
Other income (expense)
 
$
14

 
$
(127
)
 
$
5

 
Interest rate contracts
 
Interest expense excluding Financial Products
 
(6
)
 
(6
)
 
(5
)
 
Interest rate contracts
 
Interest expense of Financial Products
 
(3
)
 
(6
)
 
(6
)
 
Reclassifications before tax
 
5

 
(139
)
 
(6
)
 
Tax (provision) benefit
 
(2
)
 
51

 
2

 
Reclassifications net of tax
 
$
3

 
$
(88
)
 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
Realized gain (loss) on sale of securities
 
Other income (expense)
 
$
46

 
$
56

 
$
35

 
Tax (provision) benefit
 
(15
)
 
(20
)
 
(11
)
 
Reclassifications net of tax
 
$
31

 
$
36

 
$
24

 
 
 
 
 
 
 
 
 
 
 
Total reclassifications from Accumulated other comprehensive income (loss)
 
$
52

 
$
(17
)
 
$
45

 

1    Amounts are included in the calculation of net periodic benefit cost. See Note 12 for additional information.