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Tax Matters (Tables)
 3 Months Ended
Mar. 29, 2020
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/(loss):
 
 
Three Months Ended
(MILLIONS OF DOLLARS)
 
March 29,
2020

 
March 31,
2019

Foreign currency translation adjustments, net(a)
 
$
(252
)
 
$
27

Unrealized holding gains/(losses) on derivative financial instruments, net
 
(133
)
 
59

Reclassification adjustments for (gains)/losses included in net income
 
15

 
(55
)
 
 
(118
)
 
4

Unrealized holding gains/(losses) on available-for-sale securities, net
 
(6
)
 
5

Reclassification adjustments for losses included in net income
 
2

 
1

 
 
(5
)
 
7

Benefit plans: actuarial losses, net
 
(21
)
 
—

Reclassification adjustments related to amortization
 
15

 
3

Reclassification adjustments related to settlements, net
 
9

 
—

Other
 
4

 
(5
)
 
 
8

 
(2
)
Reclassification adjustments related to amortization of prior service costs and other, net
 
(11
)
 
(11
)
Other
 
—

 
—

 
 
(11
)
 
(11
)
Tax provision/(benefit) on other comprehensive income/(loss)
 
$
(377
)
 
$
25

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