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New Accounting Guidance (Tables)
 9 Months Ended
Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
The cumulative effect of initially applying the new lease guidance to our consolidated financial statements on January 1, 2019 was as follows:

Consolidated Statement of Financial Position
 
 
 
 
 
 
(Millions of dollars)
 
Balance as of December 31, 2018
 
Cumulative Impact from Adopting New Lease Guidance
 
Balance as of January 1, 2019
Assets
 
 
 
 
 
 
Prepaid expenses and other current assets
 
$
1,765

 
$
(17
)
 
$
1,748

Property, plant and equipment - net
 
$
13,574

 
$
(26
)
 
$
13,548

Noncurrent deferred and refundable income taxes
 
$
1,439

 
$
(77
)
 
$
1,362

Other assets
 
$
2,332

 
$
713

 
$
3,045

 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
Accrued expenses
 
$
3,573

 
$
(27
)
 
$
3,546

Other current liabilities
 
$
1,919

 
$
209

 
$
2,128

   Long-term debt due after one year
 
 
 
 
 
 
      Machinery, Energy & Transportation
 
$
8,005

 
$
(362
)
 
$
7,643

Other liabilities
 
$
3,756

 
$
538

 
$
4,294

 
 
 
 
 
 
 
Shareholders’ equity
 
 
 
 
 
 
Profit employed in the business
 
$
30,427

 
$
235

 
$
30,662