OTHER INCOME (EXPENSE), NET Notes

3 Months Ended

Mar. 31, 2019

Condensed Income Statements, Captions [Line Items]

Other Income and Other Expense Disclosure [Text Block]

OTHER INCOME (EXPENSE), NET

Components of other income (expense), net are as follows:

	Three Months Ended
	March 31,
Millions of dollars	2019			2018
Revenues from contracts with customers	$	1		$	1
Other income	4			126
Other expense	(10		)	(7		)
Allowance for equity funds used during construction	—			3
Other income (expense), net	$	(5	)	$	123

Other income in 2018 includes gains from the settlement of interest rate derivatives of $115 million (see Note 7). Non-service cost components of pension and other postretirement benefits are included in other expense.