Financial Instruments Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Financial Instruments [Abstract]

Schedule of Long-term Debt Instruments

The components of our long-term debt follow:

	December 31,			December 31,
(MILLIONS OF DOLLARS)	2013			2012
Allocated long-term debt	$	—		$	509
Lines of credit	2			—
1.150% Senior Notes due 2016	400			—
1.875% Senior Notes due 2018	750			—
3.250% Senior Notes due 2023	1,350			—
4.700% Senior Notes due 2043	1,150			—
	3,652			509
Unamortized debt discount	(10		)	—
Long-term debt / Allocated long-term debt	$	3,642		$	509

Schedule of Maturities of Long-term Debt

The principal amount of long-term debt outstanding as of December 31, 2013 matures in the following years:

											After
(MILLIONS OF DOLLARS)	2014		2015		2016		2017		2018		2018		Total
Maturities	$	—	$	—	$	401	$	1	$	750	$	2,500	$	3,652

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The location and fair values of derivative instruments not designated as hedging instruments at December 31, 2013 are as follows:

		Fair Value of
(MILLIONS OF DOLLARS)	Balance Sheet Location	Derivatives
Foreign currency forward-exchange contracts	Other current assets	$	10
Foreign currency forward-exchange contracts	Other current liabilities	(5		)
Total foreign currency forward-exchange contracts		$	5