Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.24.3
DEBT (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Feb. 20, 2024
Sep. 30, 2024
Dec. 31, 2023
Jun. 03, 2024
Jun. 05, 2023
Aug. 18, 2021
Debt Instruments            
Loans payable   $ 441 $ 280      
Commercial paper   1,636 1,496      
Line of Credit Facility, Maximum Borrowing Capacity   4,000        
Line of Credit Facility, Remaining Borrowing Capacity   2,400        
Unsecured Debt $ 2,250          
Other Long-term Debt   165 94      
Unamortized discount and deferred issuance costs   (92) (72)      
Fair value adjustments due to hedge on indebtedness   (70) (96)      
Finance Lease, Liability   124 111      
Total long-term debt   5,510 4,920      
Current maturities of long-term debt   654 118      
Long-term debt   4,856 4,802      
Proceeds from Issuance of Debt $ 2,200          
Principal payments            
2024   60        
2025   661        
2026   66        
2027   100        
2028   290        
Fair value            
Fair value of total debt   7,426 6,375      
Carrying value of total debt   7,587 6,696      
Hydrogenics promissory notes, due 2024 and 2025            
Debt Instruments            
Unsecured Debt   160 160      
Term loan, due 2025 (1) (2)            
Debt Instruments            
Unsecured Debt     1,150      
Senior notes, due 2025 (3)            
Debt Instruments            
Unsecured Debt   $ 500 500      
Debt instrument interest rate (as a percent)   0.75%        
Atmus term loan, due 2027 (4)            
Debt Instruments            
Unsecured Debt     600      
Debentures, due 2027            
Debt Instruments            
Unsecured Debt   $ 58 58      
Debt instrument interest rate (as a percent)   6.75%        
Debentures, due 2028            
Debt Instruments            
Unsecured Debt   $ 250 250      
Debt instrument interest rate (as a percent)   7.125%        
Debentures 4.90 Percent Due 2029            
Debt Instruments            
Unsecured Debt   $ 500 0      
Debt instrument interest rate (as a percent)   4.90%        
Senior Notes 1.50 Percent, Due 2030            
Debt Instruments            
Unsecured Debt   $ 850 850      
Debt instrument interest rate (as a percent)   1.50%        
Senior Notes 5.15 Percent Due 2034            
Debt Instruments            
Unsecured Debt   $ 750 0      
Debt instrument interest rate (as a percent)   5.15%        
Senior notes, due 2043            
Debt Instruments            
Unsecured Debt   $ 500 500      
Debt instrument interest rate (as a percent)   4.875%        
Senior notes, due 2050            
Debt Instruments            
Unsecured Debt   $ 650 650      
Debt instrument interest rate (as a percent)   2.60%        
Senior Notes 5.45 Percent, Due 2054            
Debt Instruments            
Unsecured Debt   $ 1,000 0      
Debt instrument interest rate (as a percent)   5.45%        
Debentures, due 2098 (5)            
Debt Instruments            
Unsecured Debt   $ 165 $ 165      
Effective interest rate (as a percent)   7.48%        
Debt instrument interest rate (as a percent)   5.65%        
Commercial Paper            
Debt Instruments            
Weighted Average Interest Rate (as a percent)   5.25% 5.43%      
Line of Credit Facility, Maximum Borrowing Capacity   $ 4,000        
International and Other Lines of Credit            
Debt Instruments            
Line of Credit Facility, Remaining Borrowing Capacity   $ 527        
1-year revolving credit agreement            
Debt Instruments            
Line of Credit Facility, Maximum Borrowing Capacity       $ 2,000 $ 2,000  
5-Year Revolving Credit Facility            
Debt Instruments            
Line of Credit Facility, Maximum Borrowing Capacity       $ 2,000   $ 2,000