Accounting Policies and Basis of Presentations (Tables)

6 Months Ended

Jun. 27, 2020

Accounting Policies and Basis of Presentation

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

	Three months ended				Six months ended
	June 27,		June 29,		June 27,		June 29,
(Millions of dollars)		2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	36	$	35	$	71	$	67
Operating cash flows from finance leases		1		1		2		1
Financing cash flows from finance leases		2		—		3		—
Operating ROU assets obtained in exchange for new operating lease liabilities	$	5	$	12	$	43	$	42
Finance ROU assets obtained in exchange for new finance lease liabilities		19		16		27		17

Summary of financial leases in condensed consolidated balance sheets

		June 27,		December 31,
(Millions of dollars)		2020		2019
Finance lease ROU assets, net	Property, plant and equipment, net	$	74	$	50
Finance lease liabilities	Other current liabilities		7		5
Non-current finance lease liabilities	Other liabilities		62		40