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BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Long-term Borrowings

			September 30,						December 31,
(Dollars in millions)			2021						2020
Borrowings consisted of:
3.5% notes due December 2021			$	300					$	299
3.6% notes due August 2022			746						744
1.50% notes due May 2023 (1)			868						919
7 1/4% debentures due January 2024			198						198
7 5/8% debentures due June 2024			43						43
3.8% notes due March 2025			699						701
1.875% notes due November 2026 (1)			576						609
7.60% debentures due February 2027			195						195
4.5% notes due December 2028			494						493
4.8% notes due September 2042			494						493
4.65% notes due October 2044			875						874
Commercial paper and short-term borrowings			—						50
Total borrowings			5,488						5,618
Borrowings due within one year			1,046						349
Long-term borrowings			$	4,442					$	5,269

(1)The carrying value of the euro-denominated 1.50% notes due May 2023 and 1.875% notes due November 2026 will fluctuate with changes in the euro exchange rate. The carrying value of these euro-denominated borrowings have been designated as non-derivative net investment hedges of a portion of the Company's net investments in euro functional-currency denominated subsidiaries to offset foreign currency fluctuations.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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