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v3.23.3

Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Instrument [Line Items] |
Schedule of Long-term Debt Instruments [Table Text Block] |
Long-term debt |
(in millions) | September 30, 2023 | December 31, 2022 | September 30, 2022
Amount | Weighted Average Rate | Amount | Weighted Average Rate | Amount | Weighted Average Rate
Promissory notes and debentures: |  |  |  |  |  |
Maturing in 2025 | $ | 500 |  | 1.70 | % | $ | 500 |  | 1.70 | % | $ | 500 |  | 1.70 | %
Maturing in 2026 | 600 |  | 4.50 | % | — |  |  | — |  |
Maturing in 2030 | 500 |  | 2.30 | % | 500 |  | 2.30 | % | 500 |  | 2.30 | %
Maturing in 2033 | 600 |  | 4.80 | % | — |  |  | — |  |
Other loans: |  |  |  |  |  |
Foreign currency loans, various rates and maturities | 188 | 14.80 | % | 181 | 14.80 | % | 176 |  | 14.80 | %
Medium-term notes, varying maturities through 2041 | 106 | 5.33 | % | 107 | 4.27 | % | 107 |  | 2.87 | %
Finance lease obligations | 1 |  |  | 2 |  | 2 |  |
Less: Unamortized debt discount and issuance costs | 17 |  |  | 7 |  | 8 |  |
Less: Long-term debt due within one year | 188 |  |  | — |  |  | — |  |
Total long-term debt | $ | 2,290 |  |  | $ | 1,283 |  |  | $ | 1,277 |  |
Schedule of Short-term Debt [Table Text Block] |
Short-term borrowings and finance lease obligations
(In millions) | September 30, 2023 | December 31, 2022 | September 30, 2022
Commercial paper | $ | 3,417 |  | $ | — |  | $ | 1,369 |
Repurchase facility | — |  | — |  | 200 |
Other loans - various currencies | 3 |  | 23 |  | 6 |
Long-term debt payable within one year | 188 |  | — |  | — |
Finance lease obligations payable within one year | 1 |  | 1 |  | 1 |
Total short-term borrowings and finance lease obligations | $ | 3,609 |  | $ | 24 |  | $ | 1,576 |
Schedule of Long-term Debt Instruments [Table Text Block] |
Long-term debt |
(in millions) | September 30, 2023 | December 31, 2022 | September 30, 2022
Amount | Weighted Average Rate | Amount | Weighted Average Rate | Amount | Weighted Average Rate
Promissory notes and debentures: |  |  |  |  |  |
Maturing in 2025 | $ | 500 |  | 1.70 | % | $ | 500 |  | 1.70 | % | $ | 500 |  | 1.70 | %
Maturing in 2026 | 600 |  | 4.50 | % | — |  |  | — |  |
Maturing in 2030 | 500 |  | 2.30 | % | 500 |  | 2.30 | % | 500 |  | 2.30 | %
Maturing in 2033 | 600 |  | 4.80 | % | — |  |  | — |  |
Other loans: |  |  |  |  |  |
Foreign currency loans, various rates and maturities | 188 | 14.80 | % | 181 | 14.80 | % | 176 |  | 14.80 | %
Medium-term notes, varying maturities through 2041 | 106 | 5.33 | % | 107 | 4.27 | % | 107 |  | 2.87 | %
Finance lease obligations | 1 |  |  | 2 |  | 2 |  |
Less: Unamortized debt discount and issuance costs | 17 |  |  | 7 |  | 8 |  |
Less: Long-term debt due within one year | 188 |  |  | — |  |  | — |  |
Total long-term debt | $ | 2,290 |  |  | $ | 1,283 |  |  | $ | 1,277 |  |
Schedule of Line of Credit Facilities |
Committed and Available Credit Facilities at September 30, 2023
(in millions) | Effective Date | Committed Credit | Credit Available | Maturity Date | Interest
Revolving Credit Facility | May 2022 | $ | 3,000 |  | $ | 3,000 |  | May 2027 | Floating Rate
Revolving Credit Facility | May 2022 | 2,000 |  | 2,000 |  | May 2025 | Floating Rate
364-day Revolving Credit Facility | May 2022 | 500 |  | 500 |  | January 2024 | Floating Rate
Total Committed and Available Credit Facilities |  | $ | 5,500 |  | $ | 5,500 |  |  |

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