Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Short-term Debt [Abstract]

Short-term borrowings

Short-term borrowings outstanding as of December 31, were comprised of the following: 

(Millions of dollars)
	2015			2014
	Balance		Avg. Rate	Balance		Avg. Rate
Commercial paper, net	$	5,811	0.5%	$	3,688	0.3%
Bank borrowings	440		9.3%	411		6.8%
Variable denomination floating rate demand notes	707		0.8%	600		0.8%
Total	$	6,958		$	4,699