Investments in unconsolidated affiliated companies

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Investments in unconsolidated affiliated companies

Investments in unconsolidated affiliated companies

Investments in unconsolidated affiliated companies, included in Other assets in Statement 3, were as follows:

	December 31,
(Millions of dollars)	2017		2016
Investments in equity method companies	$	212	$	192
Plus: Investments in cost method companies	31		57
Total investments in unconsolidated affiliated companies	$	243	$	249

In May 2017, we sold our equity interest in IronPlanet Holdings Inc. for $93 million. We recognized a pretax gain of $85 million (included in Other income (expense)) and derecognized the carrying value of our noncontrolling interest, which was included in Other assets in Statement 3. The gain on the disposal is included as a reconciling item between Segment profit and Consolidated profit before taxes.