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Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of long-term debt [Table Text Block]
Long-term loans, notes and other debt, net of unamortized discount and debt issuance cost, consisted of the following:
Millions of dollarsJune 30, 2020December 31, 2019
Senior Notes due 2021, $1,000 million, 6.0% ($3 million of debt issuance cost)
$1,012  $998  
Senior Notes due 2024, $1,000 million, 5.75% ($5 million of debt issuance cost)
995  995  
Senior Notes due 2055, $1,000 million, 4.625% ($16 million of discount; $11 million of debt issuance cost)
973  973  
Term Loan due 2022, $4,000 million ($2 million of debt issuance costs)
1,948  1,950  
Guaranteed Notes due 2022, €750 million, 1.875% ($1 million of discount; $2 million of debt issuance cost)
839  841  
Guaranteed Notes due 2023, $750 million, 4.0% ($4 million of discount; $2 million of debt issuance cost)
744  744  
Guaranteed Notes due 2025, $500 million, 2.875% ($4 million of debt issuance cost)
496  —  
Guaranteed Notes due 2026, €500 million, 0.875% ($2 million of discount; $3 million of debt issuance cost)
556  555  
Guaranteed Notes due 2027, $1,000 million, 3.5% ($7 million of discount; $6 million of debt issuance cost)
1,097  1,023  
Guaranteed Notes due 2027, $300 million, 8.1%
300  300  
Guaranteed Notes due 2030, $500 million, 3.375% ($1 million of discount; $4 million of debt issuance cost)
495  —  
Guaranteed Notes due 2031, €500 million, 1.625% ($6 million of discount; $3 million of debt issuance cost)
551  552  
Guaranteed Notes due 2043, $750 million, 5.25% ($20 million of discount; $7 million of debt issuance cost)
723  723  
Guaranteed Notes due 2044, $1,000 million, 4.875% ($10 million of discount; $9 million of debt issuance cost)
981  980  
Guaranteed Notes due 2049, $1,000 million, 4.2% ($15 million of discount; $10 million of debt issuance cost)
975  975  
Guaranteed Notes due 2050, $1,000 million, 4.2% ($6 million of discount; $10 million of debt issuance cost)
984  —  
Other8  8  
Total13,677  11,617  
Less current maturities(3) (3) 
Long-term debt$13,674  $11,614  
Fair value hedging adjustments associated with the fair value hedge accounting of our fixed-for-floating interest rate swaps for the applicable periods are as follows: 
  Gains (Losses)Cumulative Fair Value
Hedging Adjustments Included
in Carrying Amount of Debt
Inception
Year		Three Months Ended
June 30,		Six Months Ended
June 30,		June 30,December 31,
Millions of dollars202020192020201920202019
Senior Notes due 2019, 5.0%
2014$—  $—  $—  $(11) $—  $—  
Senior Notes due 2021, 6.0%
20162  (13) (14) (20) (15) (1) 
Guaranteed Notes due 2027, 3.5%
20177  (35) (73) (57) (110) (37) 
Guaranteed Notes due 2022, 1.875%
2018—  (1) 1  (1) (1) (2) 
Guaranteed Notes due 2026, 0.875%
2020(1) —  (1) —  (1) —  
Total$8  $(49) $(87) $(89) $(127) $(40) 
Fair value adjustments are recognized in Interest expense in the Consolidated Statements of Income.
Schedule of short-term debt [Table Text Block]
Short-term loans, notes and other debt consisted of the following:
Millions of dollarsJune 30, 2020December 31, 2019
U.S. Receivables Facility$—  $—  
Commercial paper473  262  
Precious metal financings159  181  
Other27  2  
Total Short-term debt$659  $445