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Borrowings and Lines of Credit (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt [Table Text Block]
(Dollars in millions)
September 30, 2017
 
December 31, 2016
Commercial paper
$
943

 
$
522

Other borrowings
134

 
79

Total short-term borrowings
$
1,077

 
$
601

Schedule of Long-term Debt [Table Text Block]
Long-term debt consisted of the following:
(Dollars in millions)
September 30, 2017
 
December 31, 2016
1.800% notes due 2017 1
$

 
$
1,500

6.800% notes due 2018
99

 
99

EURIBOR plus 0.800% floating rate notes due 2018 (€750 million principal value) 2
890

 
783

1.778% junior subordinated notes due 2018
1,100

 
1,100

LIBOR plus 0.350% floating rate notes due 2019 3
350

 
350

1.500% notes due 2019 1
650

 
650

8.875% notes due 2019
271

 
271

4.875% notes due 2020 1
171

 
171

4.500% notes due 2020 1
1,250

 
1,250

1.900% notes due 2020 1
1,000

 

8.750% notes due 2021
250

 
250

1.950% notes due 2021 1
750

 
750

1.125% notes due 2021 (€950 million principal value) 1
1,128

 
992

2.300% notes due 2022 1
500

 

3.100% notes due 2022 1
2,300

 
2,300

1.250% notes due 2023 (€750 million principal value) 1
890

 
783

2.800% notes due 2024 1
800

 

1.875% notes due 2026 (€500 million principal value) 1
594

 
522

2.650% notes due 2026 1
1,150

 
1,150

3.125% notes due 2027 1
1,100

 

7.100% notes due 2027
141

 
141

6.700% notes due 2028
400

 
400

7.500% notes due 2029 1
550

 
550

5.400% notes due 2035 1
600

 
600

6.050% notes due 2036 1
600

 
600

6.800% notes due 2036 1
134

 
134

7.000% notes due 2038
159

 
159

6.125% notes due 2038 1
1,000

 
1,000

5.700% notes due 2040 1
1,000

 
1,000

4.500% notes due 2042 1
3,500

 
3,500

4.150% notes due 2045 1
850

 
850

3.750% notes due 2046 1
1,100

 
1,100

4.050% notes due 2047 1
600

 

Project financing obligations
137

 
155

Other (including capitalized leases)
195

 
189

Total principal long-term debt
26,209

 
23,299

Other (fair market value adjustments and discounts)
(26
)
 
1

Total long-term debt
26,183

 
23,300

Less: current portion
2,120

 
1,603

Long-term debt, net of current portion
$
24,063

 
$
21,697


1
We may redeem these notes at our option pursuant to their terms.
2
The three-month EURIBOR rate as of September 30, 2017 was approximately -0.329%. The notes may be redeemed at our option in whole, but not in part, at any time in the event of certain developments affecting U.S. taxation.
3
The three-month LIBOR rate as of September 30, 2017 was approximately 1.334%.
Schedule of Weighted average interest rates [Table Text Block]
The average interest expense rate on our total borrowings for the quarters and nine months ended September 30, 2017 and 2016 was as follows:
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Average interest expense rate
3.6
%
 
4.0
%
 
3.6
%
 
4.1
%