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Accumulated Other Comprehensive Income/(Loss) (Tables)
 9 Months Ended
Sep. 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 September 30, 2017
 
 
 
 
 
 
 
Balance at June 30, 2017
$
(756
)
 
$
2

 
$
1

 
$
(753
)
Other comprehensive income/(loss) before
reclassifications
151

 
(14
)
 
(1
)
 
136

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

 
11

 
—

 
11

Other comprehensive income/(loss)
151

 
(3
)
 
(1
)
 
147

Balance at September 30, 2017
$
(605
)
 
$
(1
)
 
$
—

 
$
(606
)
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
 
 
 
 
 
 
 
Balance at June 30, 2018
$
(776
)
 
$
(8
)
 
$
—

 
$
(784
)
Other comprehensive income/(loss) before
reclassifications
(44
)
 
42

 
—

 
(2
)
Amounts reclassified from accumulated other
comprehensive (income)/loss
—

 
(42
)
 
—

 
(42
)
Other comprehensive income/(loss)
(44
)
 
—

 
—

 
(44
)
Balance at September 30, 2018
$
(820
)
 
$
(8
)
 
$
—

 
$
(828
)
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
Balance at December 31, 2016
$
(994
)
 
$
(1
)
 
$
—

 
$
(995
)
Other comprehensive income/(loss) before
reclassifications
389

 
(41
)
 
—

 
348

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

 
41

 
—

 
41

Other comprehensive income/(loss)
389

 
—

 
—

 
389

Balance at September 30, 2017
$
(605
)
 
$
(1
)
 
$
—

 
$
(606
)
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
Balance at December 31, 2017
$
(587
)
 
$
(5
)
 
$
—

 
$
(592
)
Other comprehensive income/(loss) before
reclassifications
(233
)
 
115

 
—

 
(118
)
Amounts reclassified from accumulated other
comprehensive (income)/loss
—

 
(118
)
 
—

 
(118
)
Other comprehensive income/(loss)
(233
)
 
(3
)
 
—

 
(236
)
Balance at September 30, 2018
$
(820
)
 
$
(8
)
 
$
—

 
$
(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,
Derivative financial instruments
Classification of
income (expense)
 
2018
 
2017
 
2018
 
2017
Cross currency contracts
Other income (expense)
 
$
51

 
$
(20
)
 
$
141

 
$
(69
)
Cross currency contracts
Interest expense
 
5

 
1

 
13

 
3

Interest rate contracts
Interest expense
 
—

 
1

 
1

 
2

Reclassifications before tax
 
 
56

 
(18
)
 
155

 
(64
)
Tax (provision) benefit
 
 
(14
)
 
7

 
(37
)
 
23

Total reclassifications from Accumulated other comprehensive
income/(loss)
 
$
42

 
$
(11
)
 
$
118

 
$
(41
)