Stockholders' Equity and Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 29, 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				Nine Months Ended
	September 29,		September 30,		September 29,		September 30,
(Millions of dollars)	2018		2017		2018		2017
Foreign currency translation adjustment	$	(25)	$	(2)	$	(52)	$	(3)
Unrealized gain on investments (1)		—		—		—		3
Unrecognized pension cost (2)		1		1		(1)		3
Other comprehensive income (loss), net of tax	$	(24)	$	(1)	$	(53)	$	3

⁽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 recorded in operating income and other actuarial adjustments. See Note 7 to the condensed consolidated financial statements for further discussion.

Schedule of components of accumulated other comprehensive loss, net of related taxes

	September 29,		December 31,
(Millions of dollars)	2018		2017
Cumulative foreign currency translation adjustment	$	(349)	$	(297)
Unrealized gain on investments		—		7
Unrecognized pension cost		(65)		(64)
Total accumulated other comprehensive loss	$	(414)	$	(354)