Investments (Tables)

6 Months Ended

Jun. 29, 2019

Investments

Summary of the estimated fair value of short-term investments classified as trading securities

	June 29,		December 31,
(Millions of dollars)	2019		2018
Domestic equity securities	$	689	$	632
Domestic debt securities		392		268
Foreign equity securities		195		218
High yield securities		57		19
Foreign debt securities		49		16
Collateralized loan obligations		27		28
Money market funds held in trading accounts		21		146
Term deposits		5		9
Other trading securities		5		—
Total trading short-term investments	$	1,440	$	1,336