Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Short-Term Debt [Abstract]

Short-term borrowings

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

(Millions of dollars)
	2022			2021
	Balance		Weighted Avg. Rate	Balance		Weighted Avg. Rate
Commercial paper, net	$	5,455	4.2%	$	4,896	0.1%
Bank borrowings and other	234		11.4%	213		4.5%
Variable denomination floating rate demand notes	265		3.4%	286		0.2%
Total	$	5,954		$	5,395