Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Short-term Debt [Abstract]

Short-term borrowings

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

(Millions of dollars)
	2018			2017
	Balance		Avg. Rate	Balance		Avg. Rate
Commercial paper, net	$	4,759	2.0%	$	3,680	1.1%
Bank borrowings	526		5.3%	675		5.2%
Variable denomination floating rate demand notes	438		2.2%	481		1.1%
Total	$	5,723		$	4,836