Other (Income)/Deductions - Net (Tables)

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Components of Other (Income)/Deductions—Net

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

	Three Months Ended
	March 31,
(MILLIONS OF DOLLARS)	2020		2019
Royalty-related income	$	(1)	$	(5)
Interest income	(6)		(10)
Net gain on sale of assets(a)	(17)		—
Foreign currency loss(b)	5		—
Other, net	(1)		1
Other (income)/deductions—net	$	(20)	$	(14)

^(a) For the three months ended March 31, 2020, represents a net gain resulting from net cash proceeds received pursuant to an agreement related to the 2016 sale of certain U.S. manufacturing sites. 

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