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Debt and Redeemable Preferred Securities of Subsidiaries
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Debt and Redeemable Preferred Securities of Subsidiaries Debt and Redeemable Common and Preferred Securities of Subsidiaries
Long-term debt is composed of the following:
Weighted-
Average
Interest
Rate		MaturitiesDecember 31
20222021
Notes and debentures3.3%2023 - 2050$7,825 $8,198 
Industrial development revenue bonds4.6%2023 - 2045169 169 
Bank loans and other financings in various currencies2.5%2023 - 205155 89 
Total long-term debt8,049 8,456 
Less current portion471 315 
Long-term portion$7,578 $8,141 
Scheduled maturities of long-term debt for the next five years are $472 in 2023, $524 in 2024, $550 in 2025, $396 in 2026 and $595 in 2027.
In October 2021, we issued $600 aggregate principal amount of 2.00% notes due November 2, 2031. Proceeds from the offering were used for general corporate purposes.
We maintain a $2.0 billion revolving credit facility which expires in June 2026 and a $775 revolving credit facility which expires in June 2023.  These facilities, currently unused, support our commercial paper program, and would provide liquidity in the event our access to the commercial paper markets is unavailable for any reason.
Outstanding redeemable common securities represent the share of Thinx equity attributable to the third-party minority owner of Thinx. Our subsidiary in Central America has outstanding redeemable preferred securities that are held by a non-controlling interest.