v3.25.1
Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt
(In millions)March 31, 2025December 31, 2024March 31, 2024
AmountWeighted Average RateAmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures:
Maturing in July 2025$500 1.70 %$500 1.70 %$500 1.70 %
Maturing in May 2026600 4.50 %600 4.50 %600 4.50 %
Maturing in July 2030500 2.30 %500 2.30 %500 2.30 %
Maturing in May 2033600 4.80 %600 4.80 %600 4.80 %
Other loans:
Foreign currency loans17312.70 %16112.70 %200 12.70 %
Medium-term notes, varying maturities through 20411044.27 %1044.41 %106 5.28 %
Finance lease obligations— — 1 
Less: Unamortized debt discount and issuance costs12 1215 
Less: Long-term debt due within one year673 500 — 
Total long-term debt$1,792 $1,953 $2,492 
Schedule of Short-term Debt [Table Text Block]
Short-term borrowings and finance lease obligations
(In millions)March 31, 2025December 31, 2024March 31, 2024
Commercial paper$1,357 $— $1,981 
364-Day Revolving Credit Facility— — — 
Other loans - various currencies261 250 166 
Long-term debt payable within one year673 500 — 
Finance lease obligations payable within one year— — 1 
Total short-term borrowings and finance lease obligations$2,291 $750 $2,148 
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt
(In millions)March 31, 2025December 31, 2024March 31, 2024
AmountWeighted Average RateAmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures:
Maturing in July 2025$500 1.70 %$500 1.70 %$500 1.70 %
Maturing in May 2026600 4.50 %600 4.50 %600 4.50 %
Maturing in July 2030500 2.30 %500 2.30 %500 2.30 %
Maturing in May 2033600 4.80 %600 4.80 %600 4.80 %
Other loans:
Foreign currency loans17312.70 %16112.70 %200 12.70 %
Medium-term notes, varying maturities through 20411044.27 %1044.41 %106 5.28 %
Finance lease obligations— — 1 
Less: Unamortized debt discount and issuance costs12 1215 
Less: Long-term debt due within one year673 500 — 
Total long-term debt$1,792 $1,953 $2,492 
Schedule of Line of Credit Facilities
Committed and Available Credit Facilities at March 31, 2025
(In millions)Effective DateCommitted CreditCredit AvailableMaturity DateInterest
Revolving Credit FacilityJune 2024$2,850 $2,850 June 2029Floating Rate
Revolving Credit FacilityJune 20241,900 1,900 June 2027Floating Rate
364-Day Revolving Credit FacilityFebruary 2025750 750 February 2026Floating Rate
Total Committed and Available Credit Facilities$5,500 $5,500