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Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2017

Financing Arrangements [Abstract]

Schedule of Notes Payable

The following table summarizes the carrying value of notes payable at March 31, 2017 and December 31, 2016, respectively.

Millions of dollars		March 31, 2017				December 31, 2016
Commercial paper		735				—
Short-term borrowings to banks		99				34
Total notes payable		$	834			$	34

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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- Definition

Financing Arrangements

+ References

No definition available.

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