(Millions of dollars) | Consolidated Statement of Financial Position Location | Asset (Liability) Fair Value | |||||||||||
Years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Designated derivatives | |||||||||||||
Foreign exchange contracts | |||||||||||||
Machinery and Power Systems | Receivables — trade and other | $ | 54 | $ | 28 | $ | 54 | ||||||
Machinery and Power Systems | Long-term receivables — trade and other | — | — | 19 | |||||||||
Machinery and Power Systems | Accrued expenses | (39 | ) | (66 | ) | (73 | ) | ||||||
Machinery and Power Systems | Other liabilities | — | — | (10 | ) | ||||||||
Interest rate contracts | |||||||||||||
Financial Products | Receivables — trade and other | 7 | 17 | 15 | |||||||||
Financial Products | Long-term receivables — trade and other | 115 | 209 | 233 | |||||||||
Financial Products | Accrued expenses | (6 | ) | (8 | ) | (6 | ) | ||||||
$ | 131 | $ | 180 | $ | 232 | ||||||||
Undesignated derivatives | |||||||||||||
Foreign exchange contracts | |||||||||||||
Machinery and Power Systems | Receivables — trade and other | $ | 19 | $ | 31 | $ | 27 | ||||||
Machinery and Power Systems | Accrued expenses | (1 | ) | (63 | ) | (12 | ) | ||||||
Machinery and Power Systems | Other liabilities | — | — | (85 | ) | ||||||||
Financial Products | Receivables — trade and other | 7 | 10 | 7 | |||||||||
Financial Products | Accrued expenses | (4 | ) | (6 | ) | (16 | ) | ||||||
Financial Products | Long-term receivables — trade and other | 9 | — | — | |||||||||
Interest rate contracts | |||||||||||||
Financial Products | Receivables — trade and other | — | 2 | — | |||||||||
Financial Products | Accrued expenses | — | (1 | ) | (1 | ) | |||||||
Commodity contracts | |||||||||||||
Machinery and Power Systems | Receivables — trade and other | — | 1 | 2 | |||||||||
Machinery and Power Systems | Accrued expenses | — | — | (9 | ) | ||||||||
$ | 30 | $ | (26 | ) | $ | (87 | ) | ||||||