Tax Matters (Tables)

6 Months Ended

Jun. 29, 2014

Income Tax Disclosure [Abstract]

Schedule of Tax Benefit on Other Comprehensive Income/(Loss)

The following table provides the components of the tax provision/(benefit) on Other comprehensive income/(loss):
	Three Months Ended						Six Months Ended
(MILLIONS OF DOLLARS)	June 29, 2014			June 30, 2013			June 29, 2014			June 30, 2013
Foreign currency translation adjustments(a)	$	(3	)	$	19		$	(10	)	$	90
Unrealized holding gains/(losses) on derivative financial instruments	1			135			(16		)	(20		)
Reclassification adjustments for realized (gains)/losses	9			(89		)	8			78
	10			46			(8		)	58
Unrealized holding gains/(losses) on available-for-sale securities	(4		)	4			23			15
Reclassification adjustments for realized (gains)/losses	(11		)	31			(40		)	6
	(15		)	35			(17		)	21
Benefit plans: actuarial gains/(losses), net	(3		)	5			(2		)	11
Reclassification adjustments related to amortization	16			52			32			106
Reclassification adjustments related to settlements, net	7			16			15			36
Other	5			21			(7		)	58
	25			94			38			211
Benefit plans: prior service credits and other	—			2			—			1
Reclassification adjustments related to amortization	(7		)	(6		)	(14		)	(12		)
Reclassification adjustments related to curtailments, net	2			(1		)	1			(4		)
Other	(7		)	(2		)	(2		)	(2		)
	(12		)	(7		)	(15		)	(17		)
Tax provision/(benefit) on other comprehensive income/(loss)	$	5		$	187		$	(12	)	$	363

^(a)  Taxes are not provided for foreign currency translation adjustments relating to investments in international subsidiaries that will be held indefinitely.