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NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Short-term Debt |
Notes Payable | Sep 30, 2022 | Dec 31, 2021
In millions
Commercial paper | $ | 100 | $ | —
Notes payable to banks and other lenders | 85 | 161
Total notes payable | $ | 185 | $ | 161
Period-end average interest rates | 8.09 | % | 5.78 | %
Schedule of Long-term Debt Instruments |
Long-Term Debt | 2022 Average Rate | Sep 30, 2022 | 2021 Average Rate | Dec 31, 2021
In millions
Promissory notes and debentures: |  |  |  |
Final maturity 2022 | — | % | $ | — |  | 8.64 | % | $ | 121 |
Final maturity 2023 | 7.63 | % | 250 |  | 7.63 | % | 250 |
Final maturity 2025 | 5.63 | % | 333 |  | 5.63 | % | 333 |
Final maturity 2026 | — | % | — |  | 3.63 | % | 750 |
Final maturity 2028 and thereafter 1 | 5.15 | % | 9,364 |  | 5.15 | % | 9,363 |
Other facilities: |  |  |  |
Foreign currency notes and loans, various rates and maturities | 1.16 | % | 2,339 |  | 1.17 | % | 2,730 |
InterNotes®, varying maturities through 2052 | 3.52 | % | 462 |  | 3.37 | % | 392 |
Finance lease obligations 2 |  | 804 |  |  | 869 |
Unamortized debt discount and issuance costs |  | (267) |  |  | (297) |
Long-term debt due within one year 3 |  | (364) |  |  | (231) |
Long-term debt |  | $ | 12,921 |  |  | $ | 14,280 |
1.Cost includes net fair value hedge adjustment gains of $47 million at September 30, 2022 and December 31, 2021. See Note 19 for additional information. 2.See Note 14 for additional information. 3.Presented net of current portion of unamortized debt issuance costs.
Schedule of Maturities of Long-term Debt |
Maturities of Long-Term Debt for Next Five Years at Sep 30, 2022
In millions
2022 | $ | 34 |
2023 | $ | 390 |
2024 | $ | 84 |
2025 | $ | 386 |
2026 | $ | 79 |
2027 | $ | 1,068 |
Schedule of Line of Credit Facilities | The following table summarizes the Company's credit facilities:
Committed and Available Credit Facilities at Sep 30, 2022
In millions | Committed Credit | Available Credit | Maturity Date | Interest
Five Year Competitive Advance and Revolving Credit Facility | $ | 5,000 |  | $ | 5,000 |  | November 2026 | Floating rate
Bilateral Revolving Credit Facility | 200 |  | 200 |  | November 2022 | Floating rate
Bilateral Revolving Credit Facility | 200 |  | 200 |  | September 2023 | Floating rate
Bilateral Revolving Credit Facility | 250 |  | 250 |  | September 2023 | Floating rate
Bilateral Revolving Credit Facility | 300 |  | 300 |  | September 2023 | Floating rate
Bilateral Revolving Credit Facility | 300 |  | 300 |  | December 2023 | Floating rate
Bilateral Revolving Credit Facility | 300 |  | 300 |  | December 2023 | Floating rate
Bilateral Revolving Credit Facility | 100 |  | 100 |  | October 2024 | Floating rate
Bilateral Revolving Credit Facility | 100 |  | 100 |  | March 2025 | Floating rate
Bilateral Revolving Credit Facility | 250 |  | 250 |  | March 2025 | Floating rate
Bilateral Revolving Credit Facility | 100 |  | 100 |  | March 2025 | Floating rate
Bilateral Revolving Credit Facility | 100 |  | 100 |  | March 2025 | Floating rate
Bilateral Revolving Credit Facility | 200 |  | 200 |  | September 2025 | Floating rate
Bilateral Revolving Credit Facility | 100 |  | 100 |  | March 2026 | Floating rate
Bilateral Revolving Credit Facility | 100 |  | 100 |  | October 2026 | Floating rate
Bilateral Revolving Credit Facility | 150 |  | 150 |  | November 2026 | Floating rate
Bilateral Revolving Credit Facility | 100 |  | 100 |  | May 2027 | Floating rate
Bilateral Revolving Credit Facility | 350 |  | 350 |  | June 2027 | Floating rate
Bilateral Revolving Credit Facility | 200 |  | 200 |  | September 2027 | Floating rate
Total committed and available credit facilities | $ | 8,400 |  | $ | 8,400 |  |  |

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