XML 57 R45.htm IDEA: XBRL DOCUMENT v3.22.2
NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableJun 30, 2022Dec 31, 2021
In millions
Commercial paper$200$—
Notes payable to banks and other lenders95161
Total notes payable$295$161
Period-end average interest rates4.59 %5.78 %
Schedule of Long-term Debt Instruments
Long-Term Debt
2022 Average Rate
Jun 30, 2022
2021 Average Rate
Dec 31, 2021
In millions
Promissory notes and debentures:
Final maturity 2022— %$— 8.64 %$121 
Final maturity 20237.63 %250 7.63 %250 
Final maturity 20255.63 %333 5.63 %333 
Final maturity 2026— %— 3.63 %750 
Final maturity 2028 and thereafter 1
5.15 %9,364 5.15 %9,363 
Other facilities:
Foreign currency notes and loans, various rates and maturities1.16 %2,492 1.17 %2,730 
InterNotes®, varying maturities through 20523.44 %436 3.37 %392 
Finance lease obligations 2
826 869 
Unamortized debt discount and issuance costs(275)(297)
Long-term debt due within one year 3
(361)(231)
Long-term debt$13,065 $14,280 
1.Cost includes net fair value hedge adjustment gains of $47 million at June 30, 2022 and December 31, 2021. 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 Jun 30, 2022
In millions
2022$58 
2023$388 
2024$81 
2025$386 
2026$78 
2027$1,113 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Jun 30, 2022
In millionsCommitted CreditAvailable CreditMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility$5,000 $5,000 November 2026Floating rate
Bilateral Revolving Credit Facility200 200 September 2022Floating rate
Bilateral Revolving Credit Facility200 200 November 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 Facility300 300 December 2023Floating rate
Bilateral Revolving Credit Facility300 300 December 2023Floating 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 Facility100 100 March 2025Floating rate
Bilateral Revolving Credit Facility100 100 March 2025Floating rate
Bilateral Revolving Credit Facility100 100 March 2026Floating rate
Bilateral Revolving Credit Facility100 100 October 2026Floating rate
Bilateral Revolving Credit Facility150 150 November 2026Floating rate
Bilateral Revolving Credit Facility100 100 May 2027Floating rate
Bilateral Revolving Credit Facility350 350 June 2027Floating rate
Total committed and available credit facilities$8,400 $8,400