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Accumulated Other Comprehensive Income/(Loss) (Tables)
12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of 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 December 31, 2011
$
122

 
$
(6
)
 
$
116

 
 
 
 
 
 
Balance at December 31, 2012
$
184

 
$
(8
)
 
$
176

 
 
 
 
 
 
Balance at December 31, 2012
$
184

 
$
(8
)
 
$
176

Other comprehensive income/(loss) before reclassifications
(62
)
 
(1
)
 
(63
)
Amounts reclassified from accumulated other comprehensive income/(loss)

 
4

 
4

Other comprehensive income/(loss)
(62
)
 
3

 
(59
)
Balance at December 31, 2013
$
122

 
$
(5
)
 
$
117

 
 
 
 
 
 
Reclassifications out of Accumulated other comprehensive income/(loss)
The effect of the reclassifications out of Accumulated other comprehensive income/(loss) on the Consolidated Statements of Profit during the year ended December 31, 2013 was as follows:
(Millions of dollars)
 
 
 
 
Classification of
income (expense)
 
2013
Foreign exchange contracts
Other income (expense)
 
$

Interest rate contracts
Interest expense
 
(6
)
Reclassifications before tax
 
 
(6
)
Tax (provision) benefit
 
 
2

Total reclassifications from Accumulated other comprehensive income/(loss)
 
$
(4
)