Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.7.0.1
DEBT (Details) - USD ($)
$ in Millions
Apr. 02, 2017
Dec. 31, 2016
Short-term Debt [Line Items]    
Loans payable [1] $ 48 $ 41
Commercial paper [2] 274 212
Long-term debt    
Unamortized discount (55) (56)
Fair value adjustment due to hedge on indebtedness 43 47
Capital leases 93 88
Total long-term debt 1,623 1,603
Current maturities of long-term debt 47 35
Long-term debt 1,576 1,568
Principal payments required on long-term debt    
2017 34  
2018 45  
2019 35  
2020 10  
2021 4  
Fair value    
Fair value of total debt [3] 2,150 2,077
Carrying value of total debt $ 1,945 $ 1,856
Commercial Paper    
Short-term Debt [Line Items]    
Short-term Debt, Weighted Average Interest Rate [2] 0.94% 0.79%
Senior notes, 3.65%, due 2023    
Long-term debt    
Unsecured Debt $ 500 $ 500
Debt instrument interest rate (as a percent) 3.65%  
Debentures, 6.75%, due 2027    
Long-term debt    
Unsecured Debt $ 58 58
Debt instrument interest rate (as a percent) 6.75%  
Debentures, 7.125%, due 2028    
Long-term debt    
Unsecured Debt $ 250 250
Debt instrument interest rate (as a percent) 7.125%  
Senior notes, 4.875%, due 2043    
Long-term debt    
Unsecured Debt $ 500 500
Debt instrument interest rate (as a percent) 4.875%  
Debentures, 5.65%, due 2098 (effective interest rate 7.48%)    
Long-term debt    
Unsecured Debt $ 165 165
Debt instrument interest rate (as a percent) 5.65%  
Effective interest rate (as a percent) 7.48%  
Other long-term debt    
Long-term debt    
Other Long-term Debt $ 69 $ 51
[1] Loans payable consist primarily of notes payable to various domestic and international financial institutions. It is not practical to aggregate these notes and calculate a quarterly weighted-average interest rate.
[2] The weighted average interest rate, inclusive of all brokerage fees, was 0.94 percent and 0.79 percent at April 2, 2017 and December 31, 2016, respectively.
[3] The fair value of debt is derived from Level 2 inputs.