Tax Matters (Tables)

9 Months Ended

Oct. 01, 2017

Income Tax Disclosure [Abstract]

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

The following table provides the components of Tax provision/(benefit) on other comprehensive income:
	Three Months Ended						Nine Months Ended
(MILLIONS OF DOLLARS)	October 1, 2017			October 2, 2016			October 1, 2017			October 2, 2016
Foreign currency translation adjustments, net(a)	$	(62	)	$	—		$	(192	)	$	(15	)
Unrealized holding losses on derivative financial instruments, net	28			—			30			(192		)
Reclassification adjustments for realized (gains)/losses	(29		)	32			(169		)	81
	(1		)	32			(139		)	(112		)
Unrealized holding gains on available-for-sale securities, net	37			40			93			106
Reclassification adjustments for realized gains	(49		)	(14		)	(45		)	(16		)
	(12		)	26			47			90
Benefit plans: actuarial losses, net	(37		)	(31		)	(15		)	(39		)
Reclassification adjustments related to amortization	60			47			152			140
Reclassification adjustments related to settlements, net	22			10			30			27
Other	(33		)	14			(46		)	5
	11			40			121			133
Benefit plans: prior service (costs)/credits and other, net	—			35			—			66
Reclassification adjustments related to amortization	(17		)	(17		)	(50		)	(47		)
Reclassification adjustments related to curtailments, net	(1		)	(3		)	(5		)	(5		)
Other	1			2			1			1
	(17		)	18			(55		)	15
Tax provision/(benefit) on other comprehensive income	$	(80	)	$	116		$	(218	)	$	111

^(a) 

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