Other (Income)/Deductions - Net (Tables)

9 Months Ended

Oct. 02, 2016

Other Income and Expenses [Abstract]

Components of Other (Income)/Deductions—Net

The components of Other (income)/deductions—net are as follows:

	Three Months Ended						Nine Months Ended
	October 2,			September 27,			October 2,			September 27,
(MILLIONS OF DOLLARS)	2016			2015			2016			2015
Royalty-related income	$	(8	)	$	(5	)	$	(20	)	$	(19	)
Identifiable intangible asset impairment charges(a)	1			—			1			2
Net gain on sale of assets(b)	—			—			(27		)	—
Foreign currency loss(c)	5			6			22			18
Other, net(d)	(1		)	(3		)	(5		)	(1		)
Other (income)/deductions—net	$	(3	)	$	(2	)	$	(29	)	$	—

^(a)  For the three and nine months ended October 2, 2016, represents an impairment of finite-lived trademarks related to a canine pain management product. For the nine months ended September 27, 2015, represents an impairment of IPR&D assets related to the termination of a canine oncology project.

^(b)  For the nine months ended October 2, 2016, represents the net gain on the sale of certain manufacturing sites and products, partially offset by the loss on the sale of our share of a Taiwan joint venture, as part of our operational efficiency initiative.

^(c)  Primarily driven by costs related to hedging and exposures to certain emerging market currencies.

^(d)  For the nine months ended October 2, 2016, primarily represents income associated with certain state business employment tax incentive credits. For the nine months ended September 27, 2015, primarily represents inventory losses of $3 million sustained as a result of weather damage at storage facilities in Brazil and Australia, partially offset by interest income and other miscellaneous income.