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NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableSep 30, 2020Dec 31, 2019
In millions
Commercial paper$— $151 
Notes payable to banks and other lenders329 435 
Total notes payable$329 $586 
Period-end average interest rates3.07%6.30%
Schedule of Long-term Debt Instruments
Long-Term Debt2020 Average RateSep 30, 20202019 Average RateDec 31, 2019
In millions
Promissory notes and debentures:
Final maturity 2020—%$— 8.44%$76 
Final maturity 20218.95%173 8.95%174 
Final maturity 20228.64%121 3.50%1,372 
Final maturity 20237.63%250 7.64%325 
Final maturity 2024 1
3.43%1,017 3.37%1,397 
Final maturity 20255.13%625 5.26%662 
Final maturity 2026 and thereafter 1
5.22%10,887 5.73%8,820 
Other facilities:
U.S. dollar loans—%— 2.55%2,000 
Foreign currency notes and loans, various rates and maturities2.09%3,231 3.26%592 
InterNotes®, varying maturities through 20503.52%620 3.44%928 
Finance lease obligations 2
496 395 
Unamortized debt discount and issuance costs(375)(331)
Long-term debt due within one year 3
(347)(435)
Long-term debt$16,698 $15,975 
1.Cost includes net fair value hedge adjustment gains of $67 million at September 30, 2020 ($1 million at December 31, 2019). See Note 19 for additional information.
2.See Note 14 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 Sep 30, 2020
In millions
2020$101 
2021$500 
2022$270 
2023$415 
2024$1,075 
2025$788 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Sep 30, 2020
In millionsCommitted CreditCredit AvailableMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility
$5,000 $5,000 October 2024Floating rate
Bilateral Revolving Credit Facility 1
300 300 December 2021Floating rate
Bilateral Revolving Credit Facility 300 300 December 2021Floating rate
Bilateral Revolving Credit Facility150 150 March 2022Floating rate
Bilateral Revolving Credit Facility100 100 June 2022Floating rate
Bilateral Revolving Credit Facility200 200 September 2022Floating rate
Bilateral Revolving Credit Facility200 200 September 2023Floating rate
Bilateral Revolving Credit Facility250 250 September 2023Floating rate
Bilateral Revolving Credit Facility300 300 September 2023Floating 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$7,825 $7,825 

1.Assumes the option to extend to December 2021 will be exercised.