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Accumulated Other Comprehensive Income/(Loss) (Tables)
9 Months Ended
Sep. 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 September 30, 2014
 
 
 
 
 
Balance at June 30, 2014
$
159

 
$
(7
)
 
$
152

Other comprehensive income/(loss) before reclassifications
(316
)
 
(1
)
 
(317
)
Amounts reclassified from accumulated other comprehensive (income)/loss

 
1

 
1

Other comprehensive income/(loss)
(316
)
 

 
(316
)
Balance at September 30, 2014
$
(157
)
 
$
(7
)
 
$
(164
)
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
 
 
 
 
Balance at June 30, 2015
$
(626
)
 
$
(2
)
 
$
(628
)
Other comprehensive income/(loss) before reclassifications
(200
)
 
(1
)
 
(201
)
Amounts reclassified from accumulated other comprehensive (income)/loss

 
1

 
1

Other comprehensive income/(loss)
(200
)
 

 
(200
)
Balance at September 30, 2015
$
(826
)
 
$
(2
)
 
$
(828
)
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
Balance at December 31, 2013
$
122

 
$
(5
)
 
$
117

Other comprehensive income/(loss) before reclassifications
(279
)
 
(5
)
 
(284
)
Amounts reclassified from accumulated other comprehensive (income)/loss

 
3

 
3

Other comprehensive income/(loss)
(279
)
 
(2
)
 
(281
)
Balance at September 30, 2014
$
(157
)
 
$
(7
)
 
$
(164
)
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
Balance at December 31, 2014
$
(359
)
 
$
(5
)
 
$
(364
)
Other comprehensive income/(loss) before reclassifications
(467
)
 

 
(467
)
Amounts reclassified from accumulated other comprehensive (income)/loss

 
3

 
3

Other comprehensive income/(loss)
(467
)
 
3

 
(464
)
Balance at September 30, 2015
$
(826
)
 
$
(2
)
 
$
(828
)
 
 
 
 
 
 
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
September 30,
 
Nine Months Ended
September 30,
 
Classification of
income (expense)
 
2015
 
2014
 
2015
 
2014
Foreign exchange contracts
Other income (expense)
 
$

 
$

 
$

 
$

Interest rate contracts
Interest expense
 
(1
)
 
(2
)
 
(4
)
 
(4
)
Reclassifications before tax
 
 
(1
)
 
(2
)
 
(4
)
 
(4
)
Tax (provision) benefit
 
 

 
1

 
1

 
1

Total reclassifications from Accumulated
other comprehensive income/(loss)
 
 
$
(1
)
 
$
(1
)
 
$
(3
)
 
$
(3
)