Borrowings and Credit Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Debt [Table Text Block]

Commercial Paper

Our commercial paper program is backed by the 2018 Facility, as discussed above. Outstanding commercial paper directly reduces borrowing capacity under the 2018 Facility.

	As of December 31,
(in millions, except maturity and yield)	2019			2018
Commercial paper outstanding	$	711		$	1,248
Maximum borrowing capacity	2,750			2,750
Borrowing capacity available	2,039			1,502
Weighted average maturity	55 days			27 days
Weighted average yield	2.21		%	3.04		%

Long-term Purchase Commitment [Table Text Block]

Future minimum purchase obligations as of December 31, 2019 were as follows (in millions):

Fiscal Year	Unrecorded Purchase Obligations
2020	$	334
2021	20
2022	7
2023	3
2024	1
Thereafter	1
	$	366

Schedule of debt maturities

	Issuance Date	Maturity Date	As of December 31,						Stated Interest Rate
(in millions, except interest rates)			2019			2018
January 2020 Notes	December 2009	January 2020	$	—		$	850		6.000%
May 2020 Notes	May 2015	May 2020	—			600			2.850%
May 2022 Notes	May 2015	May 2022	500			500			3.375%
August 2022 Term Loan	August 2019	August 2022	1,000			—
October 2023 Notes	August 2013	October 2023	244			450			4.125%
March 2024 Notes	February 2019	March 2024	850			—			3.450%
May 2025 Notes	May 2015	May 2025	523			750			3.850%
March 2026 Notes	February 2019	March 2026	850			—			3.750%
December 2027 Notes	November 2019	December 2027	1,011			—			0.625%
March 2028 Notes	February 2018	March 2028	434			1,000			4.000%
March 2029 Notes	February 2019	March 2029	850			—			4.000%
November 2035 Notes (1)	November 2005	November 2035	350			350			7.000%
March 2039 Notes	February 2019	March 2039	750			—			4.550%
January 2040 Notes	December 2009	January 2040	300			300			7.375%
March 2049 Notes	February 2019	March 2049	1,000			—			4.700%
Unamortized Debt Issuance Discount and Deferred Financing Costs		2020 - 2049	(83		)	(29		)
Unamortized Gain on Fair Value Hedges		2020-2023	7			26
Finance Lease Obligation (2)		Various	6			6
Long-term debt			$	8,592		$	4,803

Note: The table above does not include unamortized amounts related to interest rate contracts designated as cash flow hedges.

(1) Corporate credit rating improvements may result in a decrease in the adjusted interest rate on our November 2035 Notes to the extent that our lowest credit rating is above BBB- or Baa3. The interest rates on our November 2035 Notes will be permanently reinstated to the issuance rate if the lowest credit ratings assigned to these senior notes is either A- or A3 or higher.

(2) Effective January 1, 2019, we adopted FASB ASC Topic 842, which requires that we recognize finance lease obligations in our consolidated balance sheets. As of December 31, 2018, these leases were referred to as capital lease obligations in accordance with FASB ASC Topic 840. Please refer to Note A – Significant Accounting Policies for additional information.

Summary of term loan and revolving credit facility agreement compliance with debt covenants

All existing credit arrangements described above require that we maintain certain financial covenants, as follows:

	Covenant Requirement as of December 31, 2019	Actual as of December 31, 2019
Maximum leverage ratio (1)	4.75 times	3.83 times

(1) Ratio of total debt to consolidated EBITDA, as defined by the credit agreements, for the preceding four consecutive fiscal quarters.

Transfer of Financial Assets Accounted for as Sales [Table Text Block]

Amounts de-recognized for accounts and notes receivable, which are excluded from Trade accounts receivable, net in the accompanying consolidated balance sheets, are aggregated by contract denominated currency below (in millions):

	As of December 31, 2019				As of December 31, 2018
Factoring Arrangements	Amount De-recognized		Weighted Average Interest Rate		Amount De-recognized		Weighted Average Interest Rate
Euro denominated	$	171	1.4	%	$	165	2.7	%
Yen denominated	226		0.6	%	195		0.9	%