XML 70 R47.htm IDEA: XBRL DOCUMENT v3.22.4
Debt And Lines Of Credit (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Instruments [Abstract]  
Debt Extinguishment [Table Text Block]
Amounts related to early debt extinguishment during the years ended December 31, 2022, 2021 and 2020 were as follows: 

In millions202220212020
Early debt reductions (a)$503 $2,472 $1,640 
Pre-tax early debt extinguishment costs (b)93 461 196 
(a)Reductions related to notes with interest rates ranging from 3.00% to 8.70% with original maturities from 2021 to 2048 for the years ended December 31, 2022, 2021 and 2020.
(b)Amounts are included in Restructuring and other charges in the accompanying consolidated statements of operations.
Summary Of Long-Term Debt [Table Text Block]
A summary of long-term debt follows: 
In millions at December 3120222021
6.875% notes – due 2023
87 94 
7.350% notes – due 2025
39 44 
7.750% notes – due 2025
22 31 
7.200% notes – due 2026
58 58 
6.400% notes – due 2026
5 5 
7.150% notes – due 2027
7 7 
6.875% notes – due 2029
10 37 
5.000% notes – due 2035
407 407 
6.650% notes – due 2037
3 4 
8.700% notes – due 2038
86 265 
7.300% notes – due 2039
453 722 
6.000% notes – due 2041
585 585 
4.800% notes – due 2044
686 686 
5.150% notes – due 2046
449 449 
4.400% notes – due 2047
647 648 
4.350% notes – due 2048
740 744 
Floating rate notes – due 2023 – 2027 (a)732 222 
Environmental and industrial development bonds – due 2023 – 2028 (b)489 489 
Total principal5,505 5,497 
Capitalized leases59 66 
Premiums, discounts, and debt issuance costs(42)(48)
Terminated interest rate swaps55 58 
Other (c)2 6 
Total (d)5,579 5,579 
Less: current maturities763 196 
Long-term debt$4,816 $5,383 
(a)The weighted average interest rate on these notes was 4.6% in 2022 and 1.4% in 2021.
(b)The weighted average interest rate on these bonds was 2.4% in 2022 and 3.2% in 2021.
(c)Includes $0 million and $1 million of fair market value adjustments as of December 31, 2022 and 2021, respectively.
(d)The fair market value was approximately $5.2 billion at December 31, 2022 and $7.1 billion at December 31, 2021. Debt fair value measurements use Level 2 inputs.