Accounting Policies and Basis of Presentations (Tables)

3 Months Ended

Mar. 28, 2020

Accounting Policies and Basis of Presentation

Summary of supplemental cash and non-cash information related to leases

	Three months ended
	March 28,		March 30,
(Millions of dollars)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	35	$	33
Operating cash flows from finance leases		1		—
Financing cash flows from finance leases		1		—
Operating right of use assets obtained in exchange for new operating lease liabilities	$	38	$	30
Finance right of use assets obtained in exchange for new finance lease liabilities		8		—

Summary of financial leases in condensed consolidated balance sheets

		March 28,		December 31,
(Millions of dollars)		2020		2019
Finance lease right of use assets, net	Property, plant and equipment, net	$	57	$	50
Finance lease liabilities	Other current liabilities		6		5
Non-current finance lease liabilities	Other liabilities		46		40