Short-Term Borrowings

12 Months Ended

Dec. 31, 2017

Short-term Debt [Abstract]

Short-Term Borrowings

SHORT-TERM BORROWINGS

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

(Millions of dollars)
	2017			2016
	Balance		Avg. Rate	Balance		Avg. Rate
Commercial paper, net	$	3,680	1.1%	$	5,985	0.9%
Bank borrowings	675		5.2%	553		7.5%
Variable denomination floating rate demand notes	481		1.1%	556		0.9%
Total	$	4,836		$	7,094