Other Income (expense)

9 Months Ended

Sep. 30, 2021

Other Income and Expenses [Abstract]

Other income (expense)

Other income (expense)

	Three Months Ended September 30					Nine Months Ended September 30
(Millions of dollars)	2021		2020			2021		2020
Investment and interest income	$	20	$	21		$	64	$	91
Foreign exchange gains (losses) 1	47		(43)			110		(122)
License fee income	31		27			88		75
Net periodic pension and OPEB income (cost), excluding service cost	111		—		2	333		270		2
Gains (losses) on securities	50		9			92		(12)
Miscellaneous income (loss)	(34)		—			64		(37)
Total	$	225	$	14		$	751	$	265

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

2 Includes a net remeasurement loss of $(77) million and a net remeasurement gain of $55 million for the three and nine months ended September 30, 2020, respectively, from the settlement of certain pension obligations. See Note 9 for further details.