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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2022
Long-Term Debt, Unclassified [Abstract]  
Long-term debt
Long-term debt outstanding as of December 31, was comprised of the following: 
(Millions of dollars)
20222021
 BalanceWeighted Avg. RateBalanceWeighted Avg. Rate
Medium-term notes$20,821 2.2%$22,283 1.6%
Unamortized discount and debt issuance costs(37) (40) 
Fair value adjustments(112)
Medium-term notes, net20,672  22,246  
Bank borrowings and other746 5.3%348 4.1%
Total$21,418  $22,594  
Maturities of Long-term debt outstanding (excluding fair value adjustments) in each of the next five years
Maturities of Long-term debt outstanding (excluding fair value adjustments) as of December 31, 2022, in each of the next five years, are as follows: 
(Millions of dollars)
 
2023$5,202 
20247,398 
20254,511 
20262,469 
20271,948