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Stockholders' Equity and Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2018
Stockholders' Equity and Accumulated Other Comprehensive Loss  
Schedule of changes in the components of other comprehensive loss, net of related taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

April 1,

 

(Millions of dollars)

    

2018

    

2017

 

Foreign currency translation adjustment

 

$

(10)

 

$

(2)

 

Unrealized gain on investments (1)

 

 

 —

 

 

 1

 

Unrecognized pension cost (2)

 

 

 1

 

 

 1

 

Other comprehensive loss, net of tax

 

$

(9)

 

$

 —

 

 

(1)

Effective January 1, 2018, upon adoption of new guidance, all unrealized gains (losses) on investments are included in the condensed consolidated statement of comprehensive income. The accumulated other comprehensive income balance as of December 31, 2017, was reclassified to retained earnings on January 1, 2018.

(2)

This primarily represents the amortization of actuarial losses that were included in net periodic benefit cost and was recorded in operating income. See Note 7 to the condensed consolidated financial statements for further discussion.
Schedule of components of accumulated other comprehensive loss, net of related taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

(Millions of dollars)

    

2018

    

2017

 

Cumulative foreign currency translation adjustment

 

$

(307)

 

$

(297)

 

Unrealized gain on investments (1)

 

 

 —

 

 

 7

 

Unrecognized pension cost

 

 

(63)

 

 

(64)

 

Total accumulated other comprehensive loss

 

$

(370)

 

$

(354)