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Other income (expense) (Tables)
 3 Months Ended
Mar. 31, 2020
Other Income and Expenses [Abstract]  
Other income (expense)

 
 
Three Months Ended March 31
(Millions of dollars)
 
2020
 
2019
Investment and interest income
 
$
43

 
$
52

Foreign exchange gains (losses) 1
 
(75
)
 
18

License fee income
 
25

 
25

Net periodic pension and OPEB income (cost), excluding service cost
 
333

2 
26

Gains (losses) on securities
 
(58
)
 
39

Miscellaneous income (loss)
 
(46
)
 
—

Total
 
$
222

 
$
160

1 Includes gains (losses) from foreign exchange derivative contracts. See Note 5 for further details.
2 Includes a remeasurement gain of $254 million from settlement of a non-U.S. pension obligation. See Note 9 for further details.