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

12 Months Ended

Dec. 31, 2019

Short-Term Borrowings and Finance Lease Obligations



Short-term borrowings and finance lease obligations
(In millions)	December 31, 2019		December 31, 2018
Commercial paper	$	—	$	1,847
Other loans - various currencies	2		19
Long-term debt payable within one year	1		263
Finance lease obligations payable within one year	4		25
Total short-term borrowings and finance lease obligations	$	7	$	2,154

Long-Term Debt



Long-Term Debt
	December 31, 2019				December 31, 2018
(In millions)	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures¹:
Final maturity 2019	—		—	%	263		2.23	%
Final maturity 2020	—		—	%	2,496		2.14	%
Final maturity 2021	—		—	%	475		2.08	%
Final maturity 2023	—		—	%	386		2.48	%
Final maturity 2024 and thereafter	—		—	%	249		3.69	%
Other facilities:
Term loan due 2020²	—		—	%	2,000		3.46	%
Other loans:
Foreign currency loans, various rates and maturities	2				3
Medium-term notes, varying maturities through 2041	109		1.61	%	110		2.37	%
Finance lease obligations	5				67
Less: Unamortized debt discount and issuance costs	—				2
Less: Long-term debt due within one year	1				263
Total	$	115			$	5,784


^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 and the facility was repaid and terminated in May 2019.



(in millions)	Amount
4.625% Notes due 2020	$	474
3.625% Notes due 2021	296
4.250% Notes due 2021	163
2.800% Notes due 2023	381
6.500% Debentures due 2028	57
5.600% Senior Notes due 2036	42
4.900% Notes due 2041	48
4.150% Notes due 2043	69
Total	$	1,530

Committed and Available Credit Facilities



Committed and Available Credit Facilities at December 31, 2019
(In millions)	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Revolving Credit Facility	May 2019	$	3,000	$	3,000	May 2024	Floating Rate
Revolving Credit Facility	May 2019	3,000		3,000		May 2022	Floating Rate
Total Committed and Available Credit Facilities		$	6,000	$	6,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details