Short-Term Borrowings

12 Months Ended

Dec. 31, 2019

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)
	2019			2018
	Balance		Avg. Rate	Balance		Avg. Rate
Commercial paper, net	$	4,168	1.3%	$	4,759	2.0%
Bank borrowings	605		5.0%	526		5.3%
Variable denomination floating rate demand notes	388		1.7%	438		2.2%
Total	$	5,161		$	5,723