Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

Short-term Debt [Abstract]

Short-term borrowings

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

(Millions of dollars)
	2016			2015
	Balance		Avg. Rate	Balance		Avg. Rate
Commercial paper, net	$	5,985	0.9%	$	5,811	0.5%
Bank borrowings	553		7.5%	440		9.3%
Variable denomination floating rate demand notes	556		0.9%	707		0.8%
Total	$	7,094		$	6,958