v3.26.1
Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt
(In millions)June 30, 2026December 31, 2025June 30, 2025
AmountWeighted Average RateAmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures:
Maturing in July 2025$— $— $500 1.70 %
Maturing in May 2026— 600 4.50 %600 4.50 %
Maturing in July 2030500 2.30 %500 2.30 %500 2.30 %
Maturing in May 2032500 5.125 %500 5.125 %500 5.125 %
Maturing in May 2033600 4.80 %600 4.80 %600 4.80 %
Other loans:
Foreign currency loans— 18212.70 %183 12.70 %
Medium-term notes, varying maturities through 2041953.64 %1023.76 %104 4.26 %
Less: Unamortized debt discount and issuance costs13 1617 
Less: Long-term debt due within one year— 782 1,283 
Total long-term debt$1,682 $1,686 $1,687 
Schedule of Short-term Debt [Table Text Block]
Short-term borrowings
(In millions)June 30, 2026December 31, 2025June 30, 2025
Commercial paper$2,422 $— $460 
364-Day Revolving Credit Facility600 — — 
Other loans - various currencies171 112 199 
Long-term debt payable within one year— 782 1,283 
Total short-term borrowings$3,193 $894 $1,942 
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt
(In millions)June 30, 2026December 31, 2025June 30, 2025
AmountWeighted Average RateAmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures:
Maturing in July 2025$— $— $500 1.70 %
Maturing in May 2026— 600 4.50 %600 4.50 %
Maturing in July 2030500 2.30 %500 2.30 %500 2.30 %
Maturing in May 2032500 5.125 %500 5.125 %500 5.125 %
Maturing in May 2033600 4.80 %600 4.80 %600 4.80 %
Other loans:
Foreign currency loans— 18212.70 %183 12.70 %
Medium-term notes, varying maturities through 2041953.64 %1023.76 %104 4.26 %
Less: Unamortized debt discount and issuance costs13 1617 
Less: Long-term debt due within one year— 782 1,283 
Total long-term debt$1,682 $1,686 $1,687 
Schedule of Line of Credit Facilities
Committed and available credit facilities at June 30, 2026
(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 20261,250 650 February 2027Floating Rate
Total committed and available credit facilities$6,000 $5,400