Other Income (expense)

6 Months Ended

Jun. 30, 2021

Other Income and Expenses [Abstract]

Other income (expense)

Other income (expense)

	Three Months Ended June 30					Six Months Ended June 30
(Millions of dollars)	2021		2020			2021		2020
Investment and interest income	$	21	$	27		$	44	$	70
Foreign exchange gains (losses) 1	(32)		(4)			63		(79)
License fee income	32		23			57		48
Net periodic pension and OPEB income (cost), excluding service cost	111		(63)		2	222		270		2
Gains (losses) on securities	17		37			42		(21)
Miscellaneous income (loss)	52		9			98		(37)
Total	$	201	$	29		$	526	$	251

1 Includes gains (losses) from foreign exchange derivative contracts. See Note 5 for further details.

2 Includes remeasurement losses of $(122) million and a remeasurement net gain of $132 million for the three and six months ended June 30, 2020, respectively, from the settlement of certain pension obligations. See Note 9 for further details.