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NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableMar 31, 2025Dec 31, 2024
In millions
Notes payable to banks and other lenders$136$135
Period-end average interest rates28.93 %36.03 %
Schedule of Long-term Debt Instruments
Long-Term Debt
2025 Average Rate
Mar 31, 2025
2024 Average Rate
Dec 31, 2024
In millions
Promissory notes and debentures:
Final maturity 20255.63 %$333 5.63 %$333 
Final maturity 20284.80 %600 4.80 %600 
Final maturity 2029 1
7.53 %951 7.58 %1,368 
Final maturity 20302.10 %818 2.10 %818 
Final maturity 2031 and thereafter 1
5.41 %10,209 5.37 %9,192 
Other facilities:
Foreign currency notes and loans, various rates and maturities 1
2.18 %2,094 2.01 %2,540 
InterNotes®, varying maturities through 20534.34 %668 4.31 %661 
Medium-term notes, maturity 20254.75 %1 4.75 %1 
Finance lease obligations 2
985 939 
Unamortized debt discount and issuance costs(225)(244)
Long-term debt due within one year 3
(502)(497)
Long-term debt$15,932 $15,711 
1.Cost includes net fair value hedge adjustment gains of $29 million at March 31, 2025 ($9 million at December 31, 2024). See Note 16 for additional information.
2.See Note 11 for additional information.
3.Presented net of current portion of unamortized debt issuance costs.
Schedule of Maturities of Long-term Debt
Maturities of Long-Term Debt for Next Five Years at Mar 31, 2025
In millions
2025$472 
2026$149 
2027$746 
2028$702 
2029$1,045 
2030$911 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Mar 31, 2025
In millionsCommitted CreditAvailable CreditMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility$5,000 $5,000 November 2028Floating rate
Bilateral Revolving Credit Facility200 200 September 2025Floating rate
Bilateral Revolving Credit Facility175 175 September 2025Floating rate
Bilateral Revolving Credit Facility300 300 November 2025Floating rate
Bilateral Revolving Credit Facility300 300 February 2026Floating rate
Bilateral Revolving Credit Facility100 100 March 2026Floating rate
Bilateral Revolving Credit Facility375 375 October 2026Floating rate
Bilateral Revolving Credit Facility150 150 November 2026Floating rate
Bilateral Revolving Credit Facility200 200 November 2026Floating rate
Bilateral Revolving Credit Facility250 250 March 2027Floating rate
Bilateral Revolving Credit Facility100 100 May 2027Floating rate
Bilateral Revolving Credit Facility350 350 June 2027Floating rate
Bilateral Revolving Credit Facility200 200 September 2027Floating rate
Bilateral Revolving Credit Facility100 100 October 2027Floating rate
Bilateral Revolving Credit Facility100 100 November 2027Floating rate
Bilateral Revolving Credit Facility100 100 March 2028Floating rate
Bilateral Revolving Credit Facility100 100 March 2028Floating rate
Bilateral Revolving Credit Facility300 300 May 2028Floating rate
Total committed and available credit facilities$8,400 $8,400