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Other income (expense)
12 Months Ended
Dec. 31, 2018
Other Income and Expenses [Abstract]  
Other income (expense)
5.
Other income (expense)
 
 
 
Years ended December 31,
 
(Millions of dollars)
 
2018
 
2017
 
2016
 
Investment and interest income
 
$
195

 
$
122

 
$
74

 
Foreign exchange gains (losses)
 
(201
)
 
(213
)
 
(57
)
 
License fee income
 
125

 
100

 
92

 
Gains (losses) on sale of securities and affiliated companies
 
4

 
187

2 
47

 
Net periodic pension and OPEB income (cost), excluding service cost
 
(118
)
 
(54
)
 
(664
)
 
Gains (losses) on equity securities measured at fair value3
 
(33
)
 

 

 
Miscellaneous income (loss)
 
(39
)
 
11

 
(10
)
 
Total
 
$
(67
)
 
$
153

 
$
(518
)
 

1 
Includes gains (losses) from foreign exchange derivative contracts.  See Note 4 for further details.
2 
Includes pretax gain of $85 million related to the sale of Caterpillar's equity interest in Iron Planet Holdings Inc.
3 Beginning January 1, 2018, the unrealized gains and losses arising from the revaluation of equity securities are included in Other income (expense) in Statement 1. See Note 1J for additional information.