Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.8.0.1
DEBT (Details) - USD ($)
$ in Millions
Apr. 01, 2018
Dec. 31, 2017
Sep. 05, 2017
Nov. 13, 2015
Short-term Debt [Line Items]        
Loans payable [1] $ 56 $ 57    
Commercial paper [2] 593 298    
Line of Credit Facility, Maximum Borrowing Capacity 2,750      
Long-term debt        
Unamortized discount (53) (54)    
Fair value adjustment due to hedge on indebtedness 23 35    
Capital leases 117 121    
Total long-term debt 1,628 1,651    
Current maturities of long-term debt 57 63    
Long-term debt 1,571 1,588    
Principal payments        
2018 48      
2019 51      
2020 12      
2021 8      
2022 8      
Fair value        
Fair value of total debt [3] 2,513 2,301    
Carrying value of total debt $ 2,277 $ 2,006    
Commercial Paper        
Short-term Debt [Line Items]        
Short-term Debt, Weighted Average Interest Rate, at Point in Time [2] 1.92% 1.56%    
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 $ 68 $ 76    
1-year revolving credit agreement        
Short-term Debt [Line Items]        
Line of Credit Facility, Maximum Borrowing Capacity     $ 1,000  
5-year revolving credit facility        
Short-term Debt [Line Items]        
Line of Credit Facility, Maximum Borrowing Capacity       $ 1,750
[1] Loans payable consist primarily of notes payable to various domestic and international financial institutions. 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 1.92 percent and 1.56 percent at April 1, 2018 and December 31, 2017, respectively.
[3] The fair value of debt is derived from Level 2 inputs.