Other income (expense) (Tables)

9 Months Ended

Sep. 30, 2020

Other Income and Expenses [Abstract]

Other income (expense)

	Three Months Ended September 30				Nine Months Ended September 30
(Millions of dollars)	2020		2019		2020		2019
Investment and interest income	$	21	$	50	$	91	$	156
Foreign exchange gains (losses) 1	(43)		(5)		(122)		(34)
License fee income	27		31		75		87
Net periodic pension and OPEB income (cost), excluding service cost 2	—		24		270		74
Gains (losses) on sale of securities and affiliated companies	9		2		(12)		55
Miscellaneous income (loss)	—		(14)		(37)		(22)
Total	$	14	$	88	$	265	$	316

1 Includes gains (losses) from foreign exchange derivative contracts. See Note 5 for further details.

2 Includes a net remeasurement loss of $(77) million and a net remeasurement gain of $55 million for the three and nine months ended September 30, 2020, respectively, from the settlements of certain pension obligations. See Note 9 for further details.