Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Long-term debt outstanding

The company’s long-term debt outstanding at year-end 2015 and 2014 was as follows:

	At December 31
	2015			2014
3.191% notes due 2023	$	2,250		$	2,250
Floating rate notes due 2017 (0.555%)1	2,050			650
1.104% notes due 2017	2,000			2,000
1.718% notes due 2018	2,000			2,000
2.355% notes due 2022	2,000			2,000
1.365% notes due 2018	1,750			—
1.961% notes due 2020	1,750			—
4.95% notes due 2019	1,500			1,500
1.790% notes due 2018	1,250			—
2.419% notes due 2020	1,250			—
1.345% notes due 2017	1,100			1,100
1.344% notes due 2017	1,000			—
2.427% notes due 2020	1,000			1,000
Floating rate notes due 2018 (0.676%)1	800			—
0.889% notes due 2016	750			750
2.193% notes due 2019	750			750
3.326% notes due 2025	750			—
2.411% notes due 2022	700			—
Floating rate notes due 2016 (0.444%)2	700			700
Floating rate notes due 2019 (0.772%)2	400			400
Floating rate notes due 2021 (0.892%)2	400			400
Floating rate notes due 2022 (0.952%)2	350			—
8.625% debentures due 2032	147			147
Amortizing Bank Loan due 2018 (1.172%)2	110			—
8.625% debentures due 2031	108			107
8.0% debentures due 2032	74			74
9.75% debentures due 2020	54			54
8.875% debentures due 2021	40			40
Medium-term notes, maturing from 2021 to 2038 (5.975%)1	38			38
Total including debt due within one year	27,071			15,960
Debt due within one year	(1,487		)	—
Reclassified from short-term debt	8,000			8,000
Total long-term debt	$	33,584		$	23,960

¹  Weighted-average interest rate at December 31, 2015.

²  Interest rate at December 31, 2015.