FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes the bases used to measure certain assets and liabilities at fair value on a recurring basis:

Basis of Fair Value Measurements on a Recurring Basis	Sep 30, 2020						Dec 31, 2019
	Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)		Total		Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)		Total
In millions
Assets at fair value
Cash equivalents
Held-to-maturity securities 1	$	—	$	696	$	696	$	—	$	220	$	220
Money market funds	—		691		691		—		408		408
Marketable securities 2	—		30		30		—		21		21
Equity securities 3	8		—		8		15		—		15
Debt securities: 3
Government debt 4	—		491		491		—		555		555
Corporate bonds	24		851		875		22		992		1,014
Derivatives relating to: 5
Interest rates	—		229		229		—		35		35
Foreign currency	—		86		86		—		149		149
Commodities	12		186		198		23		67		90
Total assets at fair value	$	44	$	3,260	$	3,304	$	60	$	2,447	$	2,507
Liabilities at fair value
Long-term debt including debt due within one year 6	$	—	$	19,641	$	19,641	$	—	$	18,661	$	18,661
Derivatives relating to: 5
Interest rates	—		361		361		—		310		310
Foreign currency	—		135		135		—		69		69
Commodities	8		230		238		14		137		151
Total liabilities at fair value	$	8	$	20,367	$	20,375	$	14	$	19,177	$	19,191

1.The Company's held-to-maturity securities primarily included treasury bills and time deposits.

2.The Company’s investments in marketable securities are included in “Other current assets” in the consolidated balance sheets.

3.The Company’s investments in debt securities, which are primarily available-for-sale, and equity securities are included in “Other investments” in the consolidated balance sheets.

4.U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations.

5.See Note 19 for the classification of derivatives in the consolidated balance sheets.

6.See Note 19 for information on fair value measurements of long-term debt.