Nature of Operations, Basis of Presentation and Change in Accounting Principle (Tables)

3 Months Ended

Mar. 31, 2018

Nature of Operations and Basis of Presentation [Abstract]

Schedule of Maximum Exposure to Loss from Variable Interest Entities

Our maximum exposure to loss from VIEs for which we are not the primary beneficiary was as follows:

(Millions of dollars)	March 31, 2018		December 31, 2017
Receivables - trade and other	$	30	$	34
Receivables - finance	43		42
Long-term receivables - finance	34		38
Investments in unconsolidated affiliated companies	30		39
Guarantees1	—		259
Total	$	137	$	412

¹ Related contract was terminated during the first quarter of 2018. No payments were made under the guarantee.