Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.19.3
DEBT (Details) - USD ($)
$ in Millions
 3 Months Ended
Sep. 29, 2019
Aug. 21, 2019
Dec. 31, 2018
Aug. 22, 2018
Short-term Debt [Line Items]        
Loans payable [1] $ 103   $ 54  
Commercial paper [2] 902   780  
Line of Credit Facility, Maximum Borrowing Capacity 3,500     $ 2,000
Line of Credit Facility, Remaining Borrowing Capacity 2,600      
Long-term debt        
Other Long-term Debt 70   64  
Unamortized discount (50)   (52)  
Fair value adjustment due to hedge on indebtedness 41   25  
Finance Lease, Liability 122   132  
Total long-term debt 1,656   1,642  
Current maturities of long-term debt 37   45  
Long-term debt 1,619   1,597  
Principal payments        
2019 16      
2020 30      
2021 45      
2022 9      
2023 507      
Long-term Debt, Other Disclosures [Abstract]        
Interest Rate Lock, Notional Amount 250      
Increase (Decrease) in Fair Value of Interest Rate Fair Value Hedging Instruments 28      
Fair value        
Fair value of total debt [3] 3,031   2,679  
Carrying value of total debt $ 2,661   $ 2,476  
Commercial Paper        
Short-term Debt [Line Items]        
Short-term Debt, Weighted Average Interest Rate, at Point in Time [2] 2.18%   2.59%  
Line of Credit Facility, Maximum Borrowing Capacity $ 3,500      
International and Other Lines of Credit        
Short-term Debt [Line Items]        
Line of Credit Facility, Remaining Borrowing Capacity $ 200      
Senior notes, due 2023        
Long-term debt        
Debt instrument interest rate (as a percent) 3.65%      
Unsecured Debt $ 500   $ 500  
Debentures, due 2027        
Long-term debt        
Debt instrument interest rate (as a percent) 6.75%      
Unsecured Debt $ 58   58  
Debentures, due 2028        
Long-term debt        
Debt instrument interest rate (as a percent) 7.125%      
Unsecured Debt $ 250   250  
Senior notes, due 2043        
Long-term debt        
Debt instrument interest rate (as a percent) 4.875%      
Unsecured Debt $ 500   500  
Debentures, due 2098(1)        
Long-term debt        
Debt instrument interest rate (as a percent) 5.65%      
Unsecured Debt [4] $ 165   $ 165  
Effective interest rate (as a percent) 7.48%      
1-year revolving credit agreement        
Short-term Debt [Line Items]        
Line of Credit Facility, Maximum Borrowing Capacity   $ 1,500   $ 1,500
[1] Loans payable consist primarily of notes payable to various domestic and international financial institutions and it is not practicable to aggregate these notes and calculate a quarterly weighted-average interest rate.
[2] The weighted-average interest rate, inclusive of all brokerage fees, was 2.18 percent and 2.59 percent at September 29, 2019 and December 31, 2018, respectively.
[3] The fair value of debt is derived from Level 2 inputs.
[4] The effective interest rate on this debt is 7.48%.