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Debt (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Debt outstanding and interest rates at December 31 were as follows (in millions):
 
 
 
 
 
Interest Rates
 
Debt
 
Average Contractual
 
Average Effective
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
Short-term debt
 
 
 
 
 
 
 
 
 
 
 
Unsecured debt
 
 
 
 
 
 
 
 
 
 
 
Floating rate demand notes
$
5,880

 
$
6,545

 
 
 
 
 
 
 
 
Commercial paper
3,749

 
3,560

 
 
 
 
 
 
 
 
Other short-term debt
4,213

 
2,731

 
 
 
 
 
 
 
 
Asset-backed debt
943

 
881

 
 
 
 
 
 
 
 
Total short-term debt
14,785

 
13,717

 
3.5
%
 
2.8
%
 
3.5
%
 
2.8
%
Long-term debt
 
 
 
 
 
 
 
 
 
 
 
Unsecured debt
 
 
 
 
 
 
 
 
 
 
 
Notes payable within one year
14,373

 
15,062

 
 
 
 
 
 
 
 
Notes payable after one year
52,409

 
55,148

 
 
 
 
 
 
 
 
Asset-backed debt
 
 
 
 
 
 
 
 
 
 
 
Notes payable within one year
22,130

 
23,609

 
 
 
 
 
 
 
 
Notes payable after one year
36,844

 
32,162

 
 
 
 
 
 
 
 
Unamortized (discount) / premium
2

 
7

 
 
 
 
 
 
 
 
Unamortized issuance costs
(211
)
 
(214
)
 
 
 
 
 
 
 
 
Fair value adjustments (a)
(186
)
 
538

 
 
 
 
 
 
 
 
Total long-term debt
125,361

 
126,312

 
2.8
%
 
3.0
%
 
2.8
%
 
3.0
%
Total debt
$
140,146

 
$
140,029

 
2.8
%
 
2.9
%
 
2.9
%
 
3.0
%
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of debt
$
138,888

 
$
141,678

 
 
 
 
 
 
 
 
Interest rate characteristics of debt payable after one year
 
 
 
 
 
 
 
 
 
 
 
Fixed interest rate
61,749

 
67,090

 
 
 
 
 
 
 
 
Variable interest rate (generally based on LIBOR or other short-term rates)
27,504

 
20,220

 
 
 
 
 
 
 
 
Total payable after one year
$
89,253

 
$
87,310

 
 
 
 
 
 
 
 

__________
(a)
These adjustments relate to designated fair value hedges. The carrying value of hedged debt was $38.0 billion and $39.4 billion at December 31, 2018 and 2019, respectively.
Schedule of Maturities of Long-term Debt [Table Text Block]
Debt maturities at December 31, 2019 were as follows (in millions):
 
2020 (a)
 
2021
 
2022
 
2023
 
2024
 
Thereafter (b)
 
Total
Unsecured debt
$
27,898

 
$
16,893

 
$
12,827

 
$
7,054

 
$
8,101

 
$
10,273

 
$
83,046

Asset-backed debt
24,490

 
14,371

 
8,925

 
3,476

 
2,505

 
2,885

 
56,652

Total
52,388

 
31,264

 
21,752

 
10,530

 
10,606

 
13,158

 
139,698

Unamortized discount
 
 
 
 
 
 
 
 
 
 
 
 
7

Unamortized issuance costs
 
 
 
 
 
 
 
 
 
 
 
 
(214
)
Fair value adjustments
 
 
 
 
 
 
 
 
 
 
 
 
538

Total debt


 


 


 


 


 


 
$
140,029

__________
(a)
Includes $13,717 million for short-term and $38,671 million for long-term debt.
(b)
Matures between 2025 and 2029.