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Accumulated Other Comprehensive Income/(Loss) (Tables)
 6 Months Ended
Jun. 30, 2018
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 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, 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
)
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
Balance at March 31, 2018
$
(522
)
 
$
(11
)
 
$
—

 
$
(533
)
Other comprehensive income/(loss) before
reclassifications
(254
)
 
99

 
—

 
(155
)
Amounts reclassified from accumulated other
comprehensive (income)/loss
—

 
(96
)
 
—

 
(96
)
Other comprehensive income/(loss)
(254
)
 
3

 
—

 
(251
)
Balance at June 30, 2018
$
(776
)
 
$
(8
)
 
$
—

 
$
(784
)
 
 
 
 
 
 
 
 
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
)
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
Balance at December 31, 2017
$
(587
)
 
$
(5
)
 
$
—

 
$
(592
)
Other comprehensive income/(loss) before
reclassifications
(189
)
 
73

 
—

 
(116
)
Amounts reclassified from accumulated other
comprehensive (income)/loss
—

 
(76
)
 
—

 
(76
)
Other comprehensive income/(loss)
(189
)
 
(3
)
 
—

 
(192
)
Balance at June 30, 2018
$
(776
)
 
$
(8
)
 
$
—

 
$
(784
)
 
 
 
 
 
 
 
 
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,
Derivative financial instruments
Classification of
income (expense)
 
2018
 
2017
 
2018
 
2017
Cross currency contracts
Other income (expense)
 
$
119

 
$
(27
)
 
$
90

 
$
(49
)
Cross currency contracts
Interest expense
 
5

 
—

 
8

 
—

Interest rate contracts
Interest expense
 
—

 
2

 
1

 
3

Reclassifications before tax
 
 
124

 
(25
)
 
99

 
(46
)
Tax (provision) benefit
 
 
(28
)
 
9

 
(23
)
 
16

Total reclassifications from Accumulated other comprehensive
income/(loss)
 
$
96

 
$
(16
)
 
$
76

 
$
(30
)