Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Components of lease cost

The components of lease cost were as follows for the years ended December 31:

(Millions of dollars)	2021		2020
Operating lease cost	$	7	$	8
Short-term lease cost	$	—	$	1
Variable lease cost	$	1	$	—

Supplemental information related to operating leases

Supplemental information related to operating leases as of December 31, was as follows:

(Millions of dollars)	2021			2020
Other assets	$	21		$	23
Other liabilities	$	21		$	24
Weighted average remaining lease term	5 years			5 years
Weighted average discount rates	1.6		%	1.9		%

Maturities of operating lease liabilities

At December 31, 2021, maturities of operating lease liabilities were as follows:

(Millions of dollars)
2022	$	6
2023	5
2024	4
2025	3
2026	2
Thereafter	3
Total lease payments	23
Less: imputed interest	(2)
Total	$	21

Supplemental cash flow information related to operating leases

Supplemental cash flow information related to operating leases was as follows for the years ended December 31:

(Millions of dollars)	2021		2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	7	$	8
Right-of-use assets obtained in exchange for operating lease obligations	$	5	$	8