Debt and Banking Arrangements

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Debt and Banking Arrangements [Text Block]

Note 10 – Debt and Banking Arrangements

Commercial Paper Program

At March 31, 2019, approximately $1.016 billion of Commercial paper, exclusive of unamortized discount, at a weighted-average interest rate of 2.9 percent was outstanding under our $4 billion commercial paper program. At April 30, 2019, $337 million of commercial paper was outstanding.

Credit Facilities

	March 31, 2019
	Stated Capacity		Outstanding
	(Millions)
Long-term credit facility (1)	$	4,500	$	—
Letters of credit under certain bilateral bank agreements			14

(1) In managing our available liquidity, we do not expect a maximum outstanding amount in excess of the capacity of our credit facility inclusive of any outstanding amounts under our commercial paper program.