Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Short-term Debt [Abstract]

Short-term borrowings

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

(Millions of dollars)
	2021			2020
	Balance		Avg. Rate	Balance		Avg. Rate
Commercial paper, net	$	4,896	0.1%	$	1,321	0.1 %
Bank borrowings and other	213		4.5%	307		3.5 %
Variable denomination floating rate demand notes	286		0.2%	377		0.3 %
Total	$	5,395		$	2,005