Table of Contents The effect of the net settlement provisions of the master netting agreements on our derivative balances upon an event of default or termination event is as follows: December 31, 2018 Gross Amounts Not Offset in the Statement of Financial Position (Millions of dollars) Gross Amount of Recognized Assets Gross Amounts Offset in the Statement of Financial Position Net Amount of Assets Presented in the Statement of Financial Position Financial Instruments Cash Collateral Received Net Amount of Assets Derivatives Machinery, Energy & Transportation $ 19 $ — $ 19 $ (19) $ — $ — Financial Products 112 — 112 (34) — 78  Total $ 131 $ — $ 131 $ (53) $ — $ 78 December 31, 2018 Gross Amounts Not Offset in the Statement of Financial Position (Millions of dollars) Gross Amount of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Position Net Amount of Liabilities Presented in the Statement of Financial Position Financial Instruments Cash Collateral Pledged Net Amount of Liabilities Derivatives Machinery, Energy & Transportation $ (87) $ — $ (87) $ 19 $ — $ (68) Financial Products (63) — (63) 34 — (29)  Total $ (150) $ — $ (150) $ 53 $ — $ (97) December 31, 2017 Gross Amounts Not Offset in the Statement of Financial Position (Millions of dollars) Gross Amount of Recognized Assets Gross Amounts Offset in the Statement of Financial Position Net Amount of Assets Presented in the Statement of Financial Position Financial Instruments Cash Collateral Received Net Amount of Assets Derivatives Machinery, Energy & Transportation $ 52 $ — $ 52 $ (22) $ — $ 30 Financial Products 22 — 22 (10) — 12  Total $ 74 $ — $ 74 $ (32) $ — $ 42 December 31, 2017 Gross Amounts Not Offset in the Statement of Financial Position (Millions of dollars) Gross Amount of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Position Net Amount of Liabilities Presented in the Statement of Financial Position Financial Instruments Cash Collateral Pledged Net Amount of Liabilities Derivatives Machinery, Energy & Transportation $ (25) $ — $ (25) $ 22 $ — $ (3) Financial Products (68) — (68) 10 — (58)  Total $ (93) $ — $ (93) $ 32 $ — $ (61) 92