Short-Term Borrowings, Long-Term Debt and Available Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Short-Term Borrowings and Capital Lease Obligations

Short-term borrowings and capital lease obligations
(In millions)	December 31, 2018		December 31, 2017
Commercial paper	$	1,847	$	1,436
Other loans - various currencies	16		28
Long-term debt payable within one year	268		1,314
Capital lease obligations payable within one year	29		1
Total short-term borrowings and capital lease obligations	$	2,160	$	2,779

Long-Term Debt

Long-Term Debt
	December 31, 2018				December 31, 2017
(In millions)	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures1:
Final maturity 2018	$	—	—	%	$	1,280	1.59	%
Final maturity 2019	263		2.23	%	521		2.23	%
Final maturity 2020	2,496		2.14	%	3,070		1.79	%
Final maturity 2021	475		2.08	%	1,580		2.07	%
Final maturity 2023	386		2.48	%	1,269		2.48	%
Final maturity 2024 and thereafter	249		3.69	%	2,223		3.80	%
Other facilities:
Term loan due 20202	2,000		3.46	%	1,500		2.35	%
Other loans	15		4.32	%	18		4.32	%
Foreign currency loans, various rates and maturities	—		—	%	30		2.85	%
Medium-term notes, varying maturities through 2043	110		2.37	%	110		1.22	%
Capital lease obligations	88				4
Less: Unamortized debt discount and issuance costs	2				—
Less: Long-term debt due within one year	268				1,314
Total	$	5,812			$	10,291

^1.  See discussion of debt extinguishment that follows.

^2.  The Term Loan Facility was amended in 2018 to extend the maturity date to June 2020.

Maturities of Long-term Debt

Maturities of Long-Term Debt For Next Five Years1
(In millions)
2019	$	295
2020	$	4,504
2021	$	484
2022	$	17
2023	$	392

^1.  Excludes unamortized debt step-up premium.

Committed and Available Credit Facilities

Committed and Available Credit Facilities at December 31, 2018
(In millions)	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Revolving Credit Facility	March 2018	$	3,000	$	2,956	June 2020	Floating Rate
Term Loan Facility	March 2018	4,500		2,500		June 2020	Floating Rate
Total Committed and Available Credit Facilities		$	7,500	$	5,456