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NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableMar 31, 2021Dec 31, 2020
In millions
Notes payable to banks and other lenders$152 $156 
Period-end average interest rates3.81%3.89%
Schedule of Long-term Debt Instruments
Long-Term Debt2021 Average RateMar 31, 20212020 Average RateDec 31, 2020
In millions
Promissory notes and debentures:
Final maturity 20218.95%$173 8.95%$173 
Final maturity 20228.64%121 8.64%121 
Final maturity 20237.63%250 7.63%250 
Final maturity 2024 1
3.43%1,017 3.43%1,017 
Final maturity 20255.13%625 5.13%625 
Final maturity 20263.63%750 3.63%750 
Final maturity 2027 and thereafter 1
5.34%10,112 5.34%10,138 
Other facilities:
Foreign currency notes and loans, various rates and maturities1.21%3,018 1.41%3,189 
InterNotes®, varying maturities through 20513.49%432 3.56%535 
Finance lease obligations 2
554 518 
Unamortized debt discount and issuance costs(360)(365)
Long-term debt due within one year 3
(492)(460)
Long-term debt$16,200 $16,491 
1.Cost includes net fair value hedge adjustment gains of $43 million at March 31, 2021 ($69 million at December 31, 2020). See Note 18 for additional information.
2.See Note 13 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, 2021
In millions
2021$476 
2022$187 
2023$340 
2024$1,058 
2025$676 
2026$781 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Mar 31, 2021
In millionsCommitted CreditCredit AvailableMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility$5,000 $5,000 October 2024Floating rate
Bilateral Revolving Credit Facility200 200 November 2021Floating rate
Bilateral Revolving Credit Facility 300 300 December 2021Floating 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 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 Facility350 350 March 2025Floating rate
Total committed and available credit facilities$8,100 $8,100