Other (Income)/Deductions - Net (Tables)

6 Months Ended

Jul. 02, 2017

Other Income and Expenses [Abstract]

Components of Other (Income)/Deductions—Net

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

	Three Months Ended						Six Months Ended
	July 2,			July 3,			July 2,			July 3,
(MILLIONS OF DOLLARS)	2017			2016			2017			2016
Royalty-related income	$	(5	)	$	(5	)	$	(12	)	$	(12	)
Net loss/(gain) on sale of assets(a)	2			6			2			(27		)
Certain legal and other matters, net(b)	(4		)	—			(4		)	—
Foreign currency loss(c)	8			8			10			17
Other, net(d)	(3		)	(5		)	(8		)	(4		)
Other (income)/deductions—net	$	(2	)	$	4		$	(12	)	$	(26	)

^(a)  For the three and six months ended July 2, 2017, represents the net loss related to sales of certain manufacturing sites and products as part of our operational efficiency initiative.

For the three months ended July 3, 2016, primarily represents the net loss on the sale of our share of our Taiwan joint venture as part of our operational efficiency initiative. For the six months ended July 3, 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 our Taiwan joint venture, as part of our operational efficiency initiative.

^(b)  For the three and six months ended July 2, 2017, represents income associated with an insurance recovery related to commercial settlements in Mexico recorded in 2014 and 2016.

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

^(d)  Includes interest income and other miscellaneous income. For the six months ended July 2, 2017, also includes a settlement refund and reimbursement of legal fees related to costs incurred by Pharmaq prior to the acquisition in 2015. For the three and six months ended July 3, 2016, also includes income associated with certain state business employment tax incentive credits.