While S.H.I.E.L.D. deals with Earth-based threats of many shapes, S.W.O.R.D. handles extraterrestrial threats to world security. This new iteration of the Sentient World Observation and Response Directorate is commanded by an organization of mutants as Krakoa takes to the stars.
The entire issue is a psychological deconstruction between Doctor Doom and Iron Man as they discuss the merits of their actions, the weight of their consequences as they impact the world, and whether or not Santa Claus is real.