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Debt and Borrowing Arrangements - Uncommitted and Committed Credit Lines Available (Details) - Line of Credit - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Uncommitted credit facilities    
Debt Instrument [Line Items]    
Facility Amount [1] $ 893,000,000 $ 906,000,000
Borrowed Amount [1] 43,000,000 74,000,000
Credit Facility Expiring February 19, 2025    
Debt Instrument [Line Items]    
Facility Amount [2] 1,500,000,000 1,500,000,000
Borrowed Amount [2] 0 0
Credit Facility Expiring February 23, 2027    
Debt Instrument [Line Items]    
Facility Amount [2] 4,500,000,000 4,500,000,000
Borrowed Amount [2] 0 0
Senior Unsecured Revolving Credit Facility, Various Maturity Dates    
Debt Instrument [Line Items]    
Facility Amount [3] 0 277,000,000
Borrowed Amount [3] 0 $ 277,000,000
Senior Unsecured Revolving Credit Facility | Revolving Credit Agreement    
Debt Instrument [Line Items]    
Total shareholders' equity, excluding accumulated other comprehensive earnings/(losses) 39,400,000,000  
Senior Unsecured Revolving Credit Facility | Revolving Credit Agreement | Minimum    
Debt Instrument [Line Items]    
Total shareholders' equity, excluding accumulated other comprehensive earnings/(losses) $ 25,000,000,000  
[1] Prior year facility amount has been revised.
[2] We maintain senior unsecured revolving credit facilities for general corporate purposes, including working capital needs, and to support our commercial paper program. The revolving credit agreements include a covenant that we maintain a minimum shareholders' equity of at least $25.0 billion, excluding accumulated other comprehensive earnings/(losses), the cumulative effects of any changes in accounting principles and earnings/(losses) recognized in connection with the ongoing application of any mark-to-market accounting for pensions and other retirement plans. At September 30, 2024, we complied with this covenant as our shareholders' equity, as defined by the covenant, was $39.4 billion. The revolving credit facility also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security.
[3] On April 18, 2023, and subsequently amended on October 3, 2023 and April 4, 2024, we entered into a credit facility secured by pledged deposits classified as long-term other assets. Draw downs on the facility bore a variable rate based on SOFR plus applicable margin. On August 13, 2024, we repaid all amounts borrowed and terminated this credit facility.