Debt (Tables)

12 Months Ended

Dec. 31, 2022

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
	2021		2022		2021		2022		2021		2022
Short-term debt
Unsecured debt
Floating rate demand notes	$	9,400	$	10,303
Other short-term debt	4,701		6,515
Asset-backed debt	709		2,806
Total short-term debt	14,810		19,624		1.2	%	3.8	%	1.3	%	3.8	%
Long-term debt
Unsecured debt
Notes payable within one year	13,660		7,980
Notes payable after one year	44,337		39,620
Asset-backed debt
Notes payable within one year	18,049		21,839
Notes payable after one year	26,654		31,840
Unamortized (discount)/premium	29		23
Unamortized issuance costs	(212)		(197)
Fair value adjustments (a)	390		(1,690)
Total long-term debt	102,907		99,415		2.6	%	3.6	%	2.6	%	3.6	%
Total debt	$	117,717	$	119,039	2.4	%	3.6	%	2.4	%	3.6	%
Fair value of debt	$	120,204	$	117,214
Interest rate characteristics of debt payable after one year
Fixed interest rate	60,411		55,711
Variable interest rate (generally based on LIBOR or other short-term rates)	10,580		15,749
Total payable after one year	$	70,991	$	71,460

__________

(a)These adjustments are related to hedging activity and include discontinued hedging relationship adjustments of $257 million and $31 million at December 31, 2021 and 2022, respectively. The carrying value of hedged debt was $37.5 billion and $33.3 billion at December 31, 2021 and 2022, respectively.

Schedule of Maturities of Long-term Debt [Table Text Block]

Debt maturities at December 31, 2022 were as follows (in millions):

	2023 (a)		2024		2025		2026		2027		Thereafter (b)		Total
Unsecured debt	$	24,798	$	11,533	$	10,888	$	5,184	$	6,187	$	5,828	$	64,418
Asset-backed debt	24,645		15,625		10,896		3,509		1,110		700		56,485
Total	49,443		27,158		21,784		8,693		7,297		6,528		120,903
Unamortized (discount)/premium													23
Unamortized issuance costs													(197)
Fair value adjustments													(1,690)
Total debt													$	119,039

__________

(a)Includes $19,624 million for short-term and $29,819 million for long-term debt.

(b)Matures between 2028 and 2032.