Accumulated Other Comprehensive Income/(Loss)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income/(Loss)

Accumulated Other Comprehensive Income/(Loss)

Comprehensive income/(loss) and its components are presented in the Consolidated Statements of Comprehensive Income. Changes in Accumulated other comprehensive income/(loss), net of tax, included in the Consolidated Statements of Changes in Stockholder's Equity, consisted of the following:

(Millions of dollars)	Foreign currency translation			Derivative financial instruments			Total
Balance at June 30, 2012	$	61		$	(6	)	$	55
Three Months Ended June 30, 2013
Balance at March 31, 2013	$	80		$	(7	)	$	73
Other comprehensive income/(loss) before reclassifications	(63		)	2			(61		)
Amounts reclassified from accumulated other comprehensive income/(loss)	—			1			1
Other comprehensive income/(loss)	(63		)	3			(60		)
Balance at June 30, 2013	$	17		$	(4	)	$	13
Six Months Ended June 30, 2013
Balance at December 31, 2012	$	184		$	(8	)	$	176
Other comprehensive income/(loss) before reclassifications	(167		)	2			(165		)
Amounts reclassified from accumulated other comprehensive income/(loss)	—			2			2
Other comprehensive income/(loss)	(167		)	4			(163		)
Balance at June 30, 2013	$	17		$	(4	)	$	13

The effect of the reclassifications out of Accumulated other comprehensive income/(loss) on the Consolidated Statements of Profit was as follows:

(Millions of dollars)
	Classification of income (expense)	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013
Foreign exchange contracts	Other income (expense)	$	—		$	—
Interest rate contracts	Interest expense	(2		)	(3		)
Reclassifications before tax		(2		)	(3		)
Tax (provision) benefit		1			1
Total reclassifications from Accumulated other comprehensive income/(loss)		$	(1	)	$	(2	)