Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Long-term Debt, Unclassified [Abstract]

Long-term debt

Long-term debt outstanding as of December 31, was comprised of the following: 

(Millions of dollars)
	2016				2015
	Balance			Avg. Rate	Balance			Avg. Rate
Medium-term notes	$	19,731		2.4%	$	20,611		2.4%
Unamortized discount and debt issuance costs	(64		)		(37		)
Medium-term notes, net	19,667				20,574
Bank borrowings	870			4.5%	995			4.0%
Total	$	20,537			$	21,569

Aggregate amounts of maturities of long-term debt

Long-term debt outstanding as of December 31, 2016, matures as follows: 

(Millions of dollars)
2017	$	6,155
2018	5,359
2019	3,680
2020	1,144
2021	1,682
Thereafter	2,517
Total	$	20,537