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Accumulated Other Comprehensive Income/(Loss)
 6 Months Ended
Jun. 30, 2017
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 Shareholder's Equity, consisted of the following:
(Millions of dollars)
Foreign
currency
translation
 
Derivative
financial
instruments
 
Available-for-
sale securities
 
Total
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2016
 
 
 
 
 
 
 
Balance at March 31, 2016
$
(725
)
 
$
1

 
$
—

 
$
(724
)
Other comprehensive income/(loss) before
reclassifications
(65
)
 
(4
)
 
(2
)
 
(71
)
Amounts reclassified from accumulated other
comprehensive (income)/loss
—

 
4

 
—

 
4

Other comprehensive income/(loss)
(65
)
 
—

 
(2
)
 
(67
)
Balance at June 30, 2016
$
(790
)
 
$
1

 
$
(2
)
 
$
(791
)
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2017
 
 
 
 
 
 
 
Balance at March 31, 2017
$
(914
)
 
$
1

 
$
—

 
$
(913
)
Other comprehensive income/(loss) before
reclassifications
158

 
(15
)
 
1

 
144

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

 
16

 
—

 
16

Other comprehensive income/(loss)
158

 
1

 
1

 
160

Balance at June 30, 2017
$
(756
)
 
$
2

 
$
1

 
$
(753
)
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
Balance at December 31, 2015
$
(897
)
 
$
—

 
$
—

 
$
(897
)
Other comprehensive income/(loss) before
reclassifications
107

 
(5
)
 
(2
)
 
100

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

 
6

 
—

 
6

Other comprehensive income/(loss)
107

 
1

 
(2
)
 
106

Balance at June 30, 2016
$
(790
)
 
$
1

 
$
(2
)
 
$
(791
)
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
 
 
 
 
 
 
Balance at December 31, 2016
$
(994
)
 
$
(1
)
 
$
—

 
$
(995
)
Other comprehensive income/(loss) before
reclassifications
238

 
(27
)
 
1

 
212

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

 
30

 
—

 
30

Other comprehensive income/(loss)
238

 
3

 
1

 
242

Balance at June 30, 2017
$
(756
)
 
$
2

 
$
1

 
$
(753
)
 
 
 
 
 
 
 
 


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)
 
2017
 
2016
 
2017
 
2016
Cross currency contracts
Other income (expense)
 
$
(27
)
 
$
(6
)
 
$
(49
)
 
$
(6
)
Interest rate contracts
Interest expense
 
2

 
(1
)
 
3

 
(3
)
Reclassifications before tax
 
 
(25
)
 
(7
)
 
(46
)
 
(9
)
Tax (provision) benefit
 
 
9

 
3

 
16

 
3

Total reclassifications from Accumulated other comprehensive
income/(loss)
 
$
(16
)
 
$
(4
)
 
$
(30
)
 
$
(6
)