Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.8.0.1
Borrowings (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Short-term Debt [Table Text Block]
Short-Term Debt
(In Millions)
 
Sep 30,
2017
 
Dec 31,
2016
Drafts payable
 
$
21

 
$
25

Current portion of long-term debt
 
4,129

 
4,618

Less: debt issuance costs associated with the current portion of long-term debt
 
(8
)
 
(9
)
Total short-term debt
 
$
4,142

 
$
4,634

Schedule of Long-term Debt Instruments [Table Text Block]
Long-Term Debt
Our indebtedness is carried at amortized cost net of applicable hedge adjustments.
(In Millions)
 
Sep 30,
2017
 
Dec 31,
2016
Floating-rate senior notes:
 
 
 
 
$700, three-month LIBOR plus 0.08%, due May 2020
 
$
700

 
$

$800, three-month LIBOR plus 0.35%, due May 2022
 
800

 

Fixed-rate senior notes:
 
 
 
 
$500, 1.75%, due May 2017
 

 
501

$3,000, 1.35%, due December 2017
 
3,000

 
2,999

$600, 2.50%, due November 2018
 
602

 
604

A$250, 3.25%, due December 20191
 
196

 
180

$1,000, 1.85%, due May 2020
 
1,000

 

$1,750, 2.45%, due July 2020
 
1,749

 
1,749

$500, 1.70%, due May 2021
 
499

 
499

$2,000, 3.30%, due October 2021
 
1,995

 
1,988

$750, 2.35%, due May 2022
 
747

 

$1,000, 3.10%, due July 2022
 
994

 
987

A$550, 4.00%, due December 20221
 
431

 
394

$1,500, 2.70%, due December 2022
 
1,491

 
1,480

$400, 4.10%, due November 2023
 
421

 
424

$1,250, 2.88%, due May 2024
 
1,242

 

$600, 2.70%, due June 2024
 
596

 

$2,250, 3.70%, due July 2025
 
2,177

 
2,148

$1,000, 2.60%, due May 2026
 
993

 
983

$1,000, 3.15%, due May 2027
 
991

 

$750, 4.00%, due December 2032
 
745

 
745

$1,500, 4.80%, due October 2041
 
1,491

 
1,491

$925, 4.25%, due December 2042
 
924

 
924

$2,000, 4.90%, due July 2045
 
1,999

 
1,999

$1,007, 4.90%, due August 2045
 

 
995

$915, 4.70%, due December 2045
 
910

 
894

$1,250, 4.10%, due May 2046
 
1,243

 
1,243

$1,000, 4.10%, due May 2047
 
994

 

$640, 4.10%, due August 2047
 
638

 

Junior subordinated convertible debentures:
 
 
 
 
$1,600, 2.95%, due December 2035
 
1,004

 
992

$2,000, 3.25%, due August 2039
 
1,130

 
1,118

Long-term debt
 
31,702

 
25,337

Less: current portion of long-term debt
 
(4,129
)
 
(4,618
)
Less: debt issuance costs
 
(75
)
 
(70
)
Total long-term debt
 
$
27,498

 
$
20,649