Notes Payable and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Notes Payable and Long-Term Debt

Summary of long-term debt

		December 31,
(Millions of dollars)		2015		2014
Term Loan due 2022	$	500	$	—
Foreign subsidiary obligations due 2020 through 2023		23		—
Total long-term debt at face value		523		—
Current maturities of long-term debt and unamortized discount		(5)		—
Long-term debt, less current maturities and unamortized discount	$	518	$	—