Accumulated Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 30, 2015

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

Schedule of Accumulated other comprehensive income/(loss)

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
Three Months Ended June 30, 2014
Balance at March 31, 2014	$	127		$	(6	)	$	121
Other comprehensive income/(loss) before reclassifications	32			(2		)	30
Amounts reclassified from accumulated other comprehensive income/(loss)	—			1			1
Other comprehensive income/(loss)	32			(1		)	31
Balance at June 30, 2014	$	159		$	(7	)	$	152
Three Months Ended June 30, 2015
Balance at March 31, 2015	$	(760	)	$	(3	)	$	(763	)
Other comprehensive income/(loss) before reclassifications	134			—			134
Amounts reclassified from accumulated other comprehensive income/(loss)	—			1			1
Other comprehensive income/(loss)	134			1			135
Balance at June 30, 2015	$	(626	)	$	(2	)	$	(628	)
Six Months Ended June 30, 2014
Balance at December 31, 2013	$	122		$	(5	)	$	117
Other comprehensive income/(loss) before reclassifications	37			(4		)	33
Amounts reclassified from accumulated other comprehensive income/(loss)	—			2			2
Other comprehensive income/(loss)	37			(2		)	35
Balance at June 30, 2014	$	159		$	(7	)	$	152
Six Months Ended June 30, 2015
Balance at December 31, 2014	$	(359	)	$	(5	)	$	(364	)
Other comprehensive income/(loss) before reclassifications	(267		)	1			(266		)
Amounts reclassified from accumulated other comprehensive income/(loss)	—			2			2
Other comprehensive income/(loss)	(267		)	3			(264		)
Balance at June 30, 2015	$	(626	)	$	(2	)	$	(628	)

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 was as follows:

(Millions of dollars)		Three Months Ended June 30,						Six Months Ended June 30,
	Classification of income (expense)	2015			2014			2015			2014
Foreign exchange contracts	Other income (expense)	$	—		$	—		$	—		$	—
Interest rate contracts	Interest expense	(2		)	(1		)	(3		)	(2		)
Reclassifications before tax		(2		)	(1		)	(3		)	(2		)
Tax (provision) benefit		1			—			1			—
Total reclassifications from Accumulated other comprehensive income/(loss)		$	(1	)	$	(1	)	$	(2	)	$	(2	)