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NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableJun 30,
2020		Dec 31,
2019
In millions
Commercial paper$500  $151  
Notes payable to banks and other lenders353  435  
Total notes payable$853  $586  
Period-end average interest rates2.76 %6.30 %
Schedule of Long-term Debt Instruments
Long-Term Debt2020 Average RateJun 30,
2020		2019
Average
Rate		Dec 31,
2019
In millions
Promissory notes and debentures:
Final maturity 20207.75 %$50  8.44 %$76  
Final maturity 20218.95 %173  8.95 %174  
Final maturity 20228.64 %121  3.50 %1,372  
Final maturity 20237.64 %325  7.64 %325  
Final maturity 20243.37 %1,397  3.37 %1,397  
Final maturity 20255.26 %662  5.26 %662  
Final maturity 2026 and thereafter5.73 %8,888  5.73 %8,820  
Other facilities:
U.S. dollar loans0.93 %1,250  2.55 %2,000  
Foreign currency notes and loans, various rates and maturities1.37 %3,079  3.26 %592  
InterNotes®, varying maturities through 20503.46 %729  3.44 %928  
Finance lease obligations 1
415  395  
Unamortized debt discount and issuance costs(350) (331) 
Long-term debt due within one year 2
(451) (435) 
Long-term debt$16,288  $15,975  
1.See Note 13 for additional information.
2.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 Jun 30, 2020
In millions
2020$277  
2021$495  
2022$226  
2023 1
$1,695  
2024$1,506  
2025$806  
1.Assumes the option to extend will be exercised for the $1.25 billion Dow Silicones Term Loan Facility ("Term Loan Facility").
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Jun 30, 2020
In millionsCommitted CreditCredit AvailableMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility
$5,000  $5,000  October 2024Floating rate
Term Loan Facility 1
1,250  —  September 2023Floating rate
European Securitization Facility 2
448  448  October 2020Floating rate
Bilateral Revolving Credit Facility100  100  August 2020Floating rate
Bilateral Revolving Credit Facility300  300  December 2020Floating rate
Bilateral Revolving Credit Facility300  300  December 2021Floating rate
Bilateral Revolving Credit Facility150  150  March 2022Floating rate
Bilateral Revolving Credit Facility100  100  June 2022Floating rate
Bilateral Revolving Credit Facility100  100  October 2024Floating rate
Bilateral Revolving Credit Facility100  100  October 2024Floating rate
Bilateral Revolving Credit Facility200  200  November 2024Floating rate
Bilateral Revolving Credit Facility100  100  March 2025Floating rate
Bilateral Revolving Credit Facility250  250  March 2025Floating rate
Bilateral Revolving Credit Facility275  275  March 2025Floating rate
Total committed and available credit facilities$8,673  $7,423  
1.Assumes the option to extend the Term Loan Facility will be exercised.
2.Equivalent to €400 million.