Other (Income)/Deductions - Net (Tables)

9 Months Ended

Sep. 30, 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				Nine Months Ended
	September 30,				September 30,
(MILLIONS OF DOLLARS)	2020		2019		2020		2019
Royalty-related income	$	(3)	$	(4)	$	(9)	$	(12)
Interest income	(1)		(10)		(9)		(29)
Identifiable intangible asset impairment charges	—		—		3		—
Net gain on sale of assets(a)	(1)		(20)		(19)		(20)
Foreign currency loss(b)	3		7		14		14
Impairment of an equity investment	—		—		4		—
Other, net	2		1		1		1
Other (income)/deductions—net	$	—	$	(26)	$	(15)	$	(46)

(a)    For the nine months ended September 30, 2020, primarily 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.