XML 215 R45.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes assets and liabilities measured at fair value on a recurring basis at December 31, 2018 and 2017: 
 
Fair Value Measurements Using
(Millions of dollars)
Level 1
 
Level 2
 
Level 3
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Assets
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
$
—

 
$
—

 
$
193

 
$
17

 
$
—

 
$
—

Investments and securities *
22

 
—

 
—

 
—

 
30

 
—

Total
$
22

 
$
—

 
$
193

 
$
17

 
$
30

 
$
—

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
$
—

 
$
—

 
$
121

 
$
18

 
$
—

 
$
—


*
Investments and securities are recorded in prepaid and other current assets in the company's consolidated balance sheets.
Schedule of Level 3 Investments and Securities
The following table summarizes the changes in level 3 investments and securities for the years ended December 31, 2018 and December 31, 2017. Gains (losses) recognized in earnings are recorded to interest expense - net in the company's consolidated statements of income.
(Millions of dollars)
2018
Balance at January 1
$
—

Merger impact
28

Gains (losses) recognized in earnings
2

Balance at December 31
$
30