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Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Instrument [Line Items]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt
(In millions)			September 30, 2024						December 31, 2023						September 30, 2023
			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		%	600			4.50		%	600			4.50		%
Maturing in 2030			500			2.30		%	500			2.30		%	500			2.30		%
Maturing in 2033			600			4.80		%	600			4.80		%	600			4.80		%
Other loans:
Foreign currency loans, various rates and maturities			184			12.70		%	196			14.80		%	188			14.80		%
Medium-term notes, varying maturities through 2041			104			4.94		%	106			5.34		%	106			5.33		%
Finance lease obligations			—						1						1
Less: Unamortized debt discount and issuance costs			13						16						17
Less: Long-term debt due within one year			500						196						188
Total long-term debt			$	1,975					$	2,291					$	2,290

Schedule of Short-term Debt [Table Text Block]

Short-term borrowings and finance lease obligations
(In millions)			September 30, 2024			December 31, 2023			September 30, 2023
Commercial paper			$	2,969		$	—		$	3,417
364-Day Revolving Credit Facility			—			—			—
Other loans - various currencies			271			1			3
Long-term debt payable within one year			500			196			188
Finance lease obligations payable within one year			1			1			1
Total short-term borrowings and finance lease obligations			$	3,741		$	198		$	3,609

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt
(In millions)			September 30, 2024						December 31, 2023						September 30, 2023
			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		%	600			4.50		%	600			4.50		%
Maturing in 2030			500			2.30		%	500			2.30		%	500			2.30		%
Maturing in 2033			600			4.80		%	600			4.80		%	600			4.80		%
Other loans:
Foreign currency loans, various rates and maturities			184			12.70		%	196			14.80		%	188			14.80		%
Medium-term notes, varying maturities through 2041			104			4.94		%	106			5.34		%	106			5.33		%
Finance lease obligations			—						1						1
Less: Unamortized debt discount and issuance costs			13						16						17
Less: Long-term debt due within one year			500						196						188
Total long-term debt			$	1,975					$	2,291					$	2,290

Schedule of Line of Credit Facilities

Committed and Available Credit Facilities at September 30, 2024

(In millions)

Effective Date

Committed Credit

Credit Available

Maturity Date

Interest

Revolving Credit Facility

June 2024

$

2,850

$

2,850

June 2029

Floating Rate

Revolving Credit Facility

June 2024

1,900

1,900

June 2027

Floating Rate

364-Day Revolving Credit Facility

February 2024

1,000

1,000

February 2025

Floating Rate

Total Committed and Available Credit Facilities

$

5,750

$

5,750

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