Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Components of lease cost

The components of lease cost were as follows:

(Millions of dollars)
	Year Ended December 31, 2019
Operating lease cost	$	9
Short-term lease cost	$	1
Variable lease cost	$	1

Supplemental information related to operating leases

Supplemental information related to operating leases was as follows:

(Millions of dollars)
	December 31, 2019			January 1, 2019
Other assets	$	21		$	22
Other liabilities	$	21		$	23
Weighted average remaining lease term	5 years			4 years
Weighted average discount rates	2.4		%	2.6		%

Maturities of operating lease liabilities

At December 31, 2019, maturities of operating lease liabilities were as follows:

(Millions of dollars)
2020	$	7
2021	5
2022	3
2023	3
2024	1
Thereafter	3
Total lease payments	22
Less: imputed interest	(1		)
Total	$	21

Schedule of minimum payments for operating leases having initial non-cancelable terms in excess of one year

At December 31, 2018, minimum payments for operating leases having initial non-cancelable terms in excess of one year were as follows:

(Millions of dollars)
2019	$	8
2020	6
2021	4
2022	2
2023	2
Thereafter	2
Total	$	24

Supplemental cash flow information related to operating leases

Supplemental cash flow information related to operating leases was as follows:

(Millions of dollars)
	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	8
Right-of-use assets obtained in exchange for operating lease obligations	$	2