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Tax Matters (Tables)
 6 Months Ended
Jun. 28, 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 loss:
 
 
Three Months Ended
 
Six Months Ended
(MILLIONS OF DOLLARS)
 
June 28,
2020

 
June 30,
2019

 
June 28,
2020

 
June 30,
2019

Foreign currency translation adjustments, net(a)
 
$
60

 
$
(17
)
 
$
(192
)
 
$
10

Unrealized holding gains/(losses) on derivative financial instruments, net
 
51

 
(53
)
 
(82
)
 
6

Reclassification adjustments for gains included in net income
 
(35
)
 
(4
)
 
(20
)
 
(59
)
 
 
16

 
(57
)
 
(102
)
 
(53
)
Unrealized holding gains/(losses) on available-for-sale securities, net
 
5

 
(1
)
 
(1
)
 
4

Reclassification adjustments for losses included in net income
 
6

 
3

 
7

 
5

 
 
11

 
2

 
6

 
9

Benefit plans: actuarial gains/(losses), net
 
2

 
(1
)
 
(19
)
 
(1
)
Reclassification adjustments related to amortization
 
16

 
15

 
31

 
18

Reclassification adjustments related to settlements, net
 
2

 
—

 
12

 
1

Other
 
16

 
8

 
20

 
3

 
 
35

 
23

 
43

 
21

Reclassification adjustments related to amortization of prior service costs and other, net
 
(11
)
 
(11
)
 
(21
)
 
(22
)
Other
 
1

 
—

 
1

 
—

 
 
(9
)
 
(11
)
 
(20
)
 
(22
)
Tax provision/(benefit) on other comprehensive loss
 
$
113

 
$
(59
)
 
$
(265
)
 
$
(34
)
(a) 
Taxes are not provided for foreign currency translation adjustments relating to investments in international subsidiaries that will be held indefinitely.