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Tax Matters (Tables)
 6 Months Ended
Jun. 30, 2019
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 loss:
 
 
Three Months Ended
 
Six Months Ended
(MILLIONS OF DOLLARS)
 
June 30,
2019

 
July 1,
2018

 
June 30,
2019

 
July 1,
2018

Foreign currency translation adjustments, net(a)
 
$
(17
)
 
$
101

 
$
10

 
$
67

Unrealized holding gains/(losses) on derivative financial instruments, net
 
(53
)
 
8

 
6

 
4

Reclassification adjustments for (gains)/losses included in net income
 
(4
)
 
72

 
(59
)
 
65

Reclassification adjustments of certain tax effects from AOCI to Retained earnings(b)
 
—

 
—

 
—

 
1

 
 
(57
)
 
79

 
(53
)
 
70

Unrealized holding gains/(losses) on available-for-sale securities, net
 
(1
)
 
(48
)
 
4

 
(28
)
Reclassification adjustments for (gains)/losses included in net income
 
3

 
20

 
5

 
(2
)
Reclassification adjustments for tax on unrealized gains from AOCI to Retained earnings(c)
 
—

 
—

 
—

 
(45
)
 
 
2

 
(29
)
 
9

 
(76
)
Benefit plans: actuarial gains/(losses), net
 
(1
)
 
(13
)
 
(1
)
 
25

Reclassification adjustments related to amortization
 
15

 
14

 
18

 
28

Reclassification adjustments related to settlements, net
 
—

 
7

 
1

 
15

Reclassification adjustments of certain tax effects from AOCI to Retained earnings(b)
 
—

 
—

 
—

 
637

Other
 
8

 
27

 
3

 
6

 
 
23

 
34

 
21

 
712

Benefit plans: prior service costs and other, net
 
—

 
—

 
—

 
—

Reclassification adjustments related to amortization of prior service costs and other, net
 
(11
)
 
(11
)
 
(22
)
 
(22
)
Reclassification adjustments related to curtailments of prior service costs and other, net
 
—

 
4

 
—

 
(3
)
Reclassification adjustments of certain tax effects from AOCI to Retained earnings(b)
 
—

 
—

 
—

 
(144
)
Other
 
—

 
(6
)
 
—

 
—

 
 
(11
)
 
(13
)
 
(22
)
 
(168
)
Tax provision/(benefit) on other comprehensive loss
 
$
(59
)
 
$
173

 
$
(34
)
 
$
605


(a) 
Taxes are not provided for foreign currency translation adjustments relating to investments in international subsidiaries that will be held indefinitely.
(b) 
For additional information on the adoption of a new accounting standard related to reclassification of certain tax effects from AOCI, see Notes to Consolidated Financial Statements––Note 1B. Basis of Presentation and Significant Accounting Policies: Adoption of New Accounting Standards in 2018 in our 2018 Financial Report.
(c) 
For additional information on the adoption of a new accounting standard related to financial assets and liabilities, see Notes to Consolidated Financial Statements––Note 1B. Basis of Presentation and Significant Accounting Policies: Adoption of New Accounting Standards in 2018 in our 2018 Financial Report.