Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.19.1
DEBT (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Aug. 22, 2018
Short-term Debt [Line Items]      
Loans payable [1] $ 70 $ 54  
Commercial paper [2] 709 780  
Line of Credit Facility, Maximum Borrowing Capacity 3,500    
Line of Credit Facility, Remaining Borrowing Capacity 2,800    
Long-term debt      
Other Long-term Debt 69 64  
Unamortized discount (51) (52)  
Fair value adjustment due to hedge on indebtedness 30 25  
Finance Lease, Liability 121 132  
Total long-term debt 1,642 1,642  
Current maturities of long-term debt 37 45  
Long-term debt 1,605 1,597  
Principal payments      
2019 33    
2020 18    
2021 41    
2022 9    
2023 506    
Fair value      
Fair value of total debt [3] 2,688 2,679  
Carrying value of total debt $ 2,421 $ 2,476  
Commercial Paper      
Short-term Debt [Line Items]      
Short-term Debt, Weighted Average Interest Rate, at Point in Time [2] 2.60% 2.59%  
Line of Credit Facility, Maximum Borrowing Capacity $ 3,500    
Line of Credit      
Short-term Debt [Line Items]      
Line of Credit Facility, Remaining Borrowing Capacity $ 187    
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
5-year revolving credit facility      
Short-term Debt [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity     $ 2,000
[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 2.60 percent and 2.59 percent at March 31, 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%.