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Accumulated other comprehensive income (loss) (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Accumulated other comprehensive income (loss)
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
)

 
 
 
 
 
Reclassification out of Accumulated other comprehensive income (loss)
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.