Borrowing and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2017

Borrowings and Credit Agreements

Summary of the Company's borrowings

The following table is a summary of the Company’s borrowings as of December 31:

In millions	2017		2016
Short-term debt
Commercial paper	$	1,276	$	1,874
Long-term debt
1.9% senior notes due 2018		2,250		2,250
2.25% senior notes due 2018		1,250		1,250
2.25% senior notes due 2019		850		850
2.8% senior notes due 2020		2,750		2,750
2.125% senior notes due 2021		1,750		1,750
4.125% senior notes due 2021		550		550
2.75% senior notes due 2022		1,250		1,250
3.5% senior notes due 2022		1,500		1,500
4.75% senior notes due 2022		399		399
4% senior notes due 2023		1,250		1,250
3.375% senior notes due 2024		650		650
5% senior notes due 2024		299		299
3.875% senior notes due 2025		2,828		2,828
2.875% senior notes due 2026		1,750		1,750
6.25% senior notes due 2027		372		372
3.25% senior exchange debentures due 2035		1		1
4.875% senior notes due 2035		652		652
6.125% senior notes due 2039		447		447
5.75% senior notes due 2041		133		133
5.3% senior notes due 2043		750		750
5.125% senior notes due 2045		3,500		3,500
Capital lease obligations		670		648
Other		43		23
Total debt principal		27,170		27,726
Debt premiums		28		33
Debt discounts and deferred financing costs		(196)		(228)
		27,002		27,531
Less:
Short-term debt (commercial paper)		(1,276)		(1,874)
Current portion of long-term debt		(3,545)		(42)
Long-term debt	$	22,181	$	25,615

Schedule of Maturities of Long-term Debt

The following is a summary of the Company’s required principal debt repayments due during each of the next five years and thereafter, as of December 31, 2017:

In millions
2018	$	4,821
2019		873
2020		2,775
2021		2,327
2022		3,178
Thereafter		13,196
Total	$	27,170