Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.8.0.1
DEBT (Details) - USD ($)
$ in Millions
Oct. 01, 2017
Sep. 05, 2017
Dec. 31, 2016
Nov. 13, 2015
Short-term Debt [Line Items]        
Loans payable [1] $ 64   $ 41  
Commercial paper [2] 514   212  
Line of Credit Facility, Maximum Borrowing Capacity 2,750      
Long-term debt        
Unamortized discount (54)   (56)  
Fair value adjustment due to hedge on indebtedness 42   47  
Capital leases 125   88  
Total long-term debt 1,677   1,603  
Current maturities of long-term debt 62   35  
Long-term debt 1,615   1,568  
Principal payments        
2017 23      
2018 59      
2019 51      
2020 12      
2021 6      
Fair value        
Fair value of total debt [3] 2,528   2,077  
Carrying value of total debt $ 2,255   $ 1,856  
Commercial Paper        
Short-term Debt [Line Items]        
Short-term Debt, Weighted Average Interest Rate, at Point in Time [2] 1.22%   0.79%  
5-Year Revolver        
Short-term Debt [Line Items]        
Line of Credit Facility, Maximum Borrowing Capacity       $ 1,750
364-Day Revolver        
Short-term Debt [Line Items]        
Line of Credit Facility, Maximum Borrowing Capacity   $ 1,000    
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 debt        
Long-term debt        
Other Long-term Debt $ 91   $ 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 1.22 percent and 0.79 percent at October 1, 2017 and December 31, 2016, respectively.
[3] The fair value of debt is derived from Level 2 inputs.