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Debt and Redeemable Preferred Securities of Subsidiaries
 12 Months Ended
Dec. 31, 2023
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
20232022
Notes and debentures3.3%2024 - 2050$7,851 $7,825 
Industrial development revenue bonds4.8%2024 - 205159 169 
Bank loans and other financings in various currencies3.3%2024 - 203972 55 
Total long-term debt7,982 8,049 
Less current portion565 471 
Long-term portion$7,417 $7,578 
Scheduled maturities of long-term debt for the next five years are $566 in 2024, $559 in 2025, $403 in 2026, $601 in 2027 and $698 in 2028.
In February 2023, we issued $350 aggregate principal amount of 4.50 percent notes due February 16, 2033. Proceeds from the offering were used for general corporate purposes including the repayment of a portion of our commercial paper indebtedness.
In October 2021, we issued $600 aggregate principal amount of 2.00 percent 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 2028 and a $750 revolving credit facility which expires in May 2024.  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.
Redeemable common securities represented the share of Thinx equity attributable to the third-party minority owner of Thinx, which were redeemed in 2023. Additional information is contained in Note 3. Our subsidiary in Central America has outstanding redeemable preferred securities that are held by a non-controlling interest.