Other Income (expense)

3 Months Ended

Mar. 31, 2021

Other Income and Expenses [Abstract]

Other income (expense)

Other income (expense)

	Three Months Ended March 31
(Millions of dollars)	2021		2020
Investment and interest income	$	23	$	43
Foreign exchange gains (losses) 1	95		(75)
License fee income	25		25
Net periodic pension and OPEB income (cost), excluding service cost	111		333		2
Gains (losses) on securities	25		(58)
Miscellaneous income (loss)	46		(46)
Total	$	325	$	222

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.