NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of notes payable

Notes Payable at Dec 31
In millions	2018			2017
Commercial paper	$	10		$	231
Notes payable to banks and other lenders	295			253
Total notes payable	$	305		$	484
Year-end average interest rates	8.61		%	4.42		%

Schedule of long-term debt

Long-Term Debt at Dec 31	2018 Average Rate		2018			2017 Average Rate		2017
In millions
Promissory notes and debentures:
Final maturity 2018	—	%	$	—		5.78	%	$	339
Final maturity 2019	9.80	%	7			8.55	%	2,122
Final maturity 2020	4.46	%	1,547			4.46	%	1,547
Final maturity 2021	4.71	%	1,424			4.71	%	1,424
Final maturity 2022	3.50	%	1,373			3.50	%	1,373
Final maturity 2023	7.64	%	325			7.64	%	325
Final maturity 2024 and thereafter	5.73	%	8,859			5.92	%	6,857
Other facilities:
U.S. dollar loans, various rates and maturities	3.59	%	4,533			2.44	%	4,564
Foreign currency loans, various rates and maturities	3.21	%	713			3.00	%	814
Medium-term notes, varying maturities through 2025	3.26	%	778			3.20	%	873
Tax-exempt bonds	—	%	—			5.66	%	343
Capital lease obligations			369					282
Unamortized debt discount and issuance costs			(334		)			(346		)
Long-term debt due within one year 1			(340		)			(752		)
Long-term debt			$	19,254				$	19,765

1. 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 Dec 31, 2018 1
In millions
2019	$	340
2020	$	1,833
2021	$	6,247
2022	$	1,510
2023	$	480

1. Assumes the option to extend a term loan facility related to the Dow Silicones ownership restructure will be exercised.

Schedule of committed and available credit facilities

The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Dec 31, 2018
In millions	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Five Year Competitive Advance and Revolving Credit Facility	October 2018	$	5,000	$	5,000	October 2023	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		March 2019	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		October 2019	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	280		280		March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	200		200		March 2020	Floating rate
Term Loan Facility	February 2016	4,500		—		December 2021	Floating rate
Bilateral Revolving Credit Facility	May 2016	200		200		May 2020	Floating rate
Bilateral Revolving Credit Facility	July 2016	200		200		July 2020	Floating rate
Bilateral Revolving Credit Facility	August 2016	100		100		August 2020	Floating rate
North American Securitization Facility	September 2018	800		800		September 2019	Floating rate
European Securitization Facility 1	October 2018	457		457		October 2020	Floating rate
Total Committed and Available Credit Facilities		$	12,137	$	7,637

1. Equivalent to Euro 400 million.