XML 50 R39.htm IDEA: XBRL DOCUMENT v3.25.3
Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Debt (Tables)
9 Months Ended
Sep. 30, 2025
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt
(In millions)September 30, 2025December 31, 2024September 30, 2024
AmountWeighted Average RateAmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures:
Maturing in July 2025$— — %$500 1.70 %$500 1.70 %
Maturing in May 2026600 4.50 %600 4.50 %600 4.50 %
Maturing in July 2030500 2.30 %500 2.30 %500 2.30 %
Maturing in May 2032500 5.125 %— — 
Maturing in May 2033600 4.80 %600 4.80 %600 4.80 %
Other loans:
Foreign currency loans18812.70 %16112.70 %184 12.70 %
Medium-term notes, varying maturities through 20411044.09 %1044.41 %104 4.94 %
Finance lease obligations— — — 
Less: Unamortized debt discount and issuance costs16 1213 
Less: Long-term debt due within one year788 500 500 
Total long-term debt$1,688 $1,953 $1,975 
Schedule of Short-term Debt [Table Text Block]
Short-term borrowings and finance lease obligations
(In millions)September 30, 2025December 31, 2024September 30, 2024
Commercial paper$1,772 $— $2,969 
364-Day Revolving Credit Facility— — — 
Other loans - various currencies125 250 271 
Long-term debt payable within one year788 500 500 
Finance lease obligations payable within one year— — 
Total short-term borrowings and finance lease obligations$2,685 $750 $3,741 
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt
(In millions)September 30, 2025December 31, 2024September 30, 2024
AmountWeighted Average RateAmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures:
Maturing in July 2025$— — %$500 1.70 %$500 1.70 %
Maturing in May 2026600 4.50 %600 4.50 %600 4.50 %
Maturing in July 2030500 2.30 %500 2.30 %500 2.30 %
Maturing in May 2032500 5.125 %— — 
Maturing in May 2033600 4.80 %600 4.80 %600 4.80 %
Other loans:
Foreign currency loans18812.70 %16112.70 %184 12.70 %
Medium-term notes, varying maturities through 20411044.09 %1044.41 %104 4.94 %
Finance lease obligations— — — 
Less: Unamortized debt discount and issuance costs16 1213 
Less: Long-term debt due within one year788 500 500 
Total long-term debt$1,688 $1,953 $1,975 
Schedule of Line of Credit Facilities
Committed and available credit facilities at September 30, 2025
(In millions)Effective DateCommitted CreditCredit AvailableMaturity DateInterest
Revolving Credit FacilityJune 2024$2,850 $2,850 June 2029Floating Rate
Revolving Credit FacilityJune 20241,900 1,900 June 2027Floating Rate
364-Day Revolving Credit FacilityFebruary 2025750 750 February 2026Floating Rate
Total committed and available credit facilities$5,500 $5,500