DEBT AND FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2020

The carrying value of our outstanding debt as of June 30, 2020 and December 31, 2019 consists of the following (in millions):


	Principal Amount				Carrying Value
				Maturity			2020			2019
Commercial paper	$	1,909	2020		$	1,908		$	3,234

Fixed-rate senior notes:
3.125% senior notes	1,500		2021		1,524			1,524
2.050% senior notes	700		2021		699			699
2.450% senior notes	1,000		2022		1,035			1,003
2.350% senior notes	600		2022		599			598
2.500% senior notes	1,000		2023		996			995
2.800% senior notes	500		2024		497			497
2.200% senior notes	400		2024		398			398
3.900% senior notes	1,000		2025		995			—
2.400% senior notes	500		2026		498			498
3.050% senior notes	1,000		2027		992			992
3.400% senior notes	750		2029		745			745
2.500% senior notes	400		2029		397			397
4.450% senior notes	750		2030		743			—
6.200% senior notes	1,500		2038		1,483			1,483
5.200% senior notes	500		2040		493			—
4.875% senior notes	500		2040		490			490
3.625% senior notes	375		2042		368			368
3.400% senior notes	500		2046		491			491
3.750% senior notes	1,150		2047		1,137			1,136
4.250% senior notes	750		2049		742			742
3.400% senior notes	700		2049		688			688
5.300% senior notes	1,250		2050		1,230			—
Floating-rate senior notes:
Floating-rate senior notes	350		2021		350			349
Floating-rate senior notes	400		2022		399			399
Floating-rate senior notes	500		2023		499			499
Floating-rate senior notes	1,039		2049-2067		1,027			1,028
8.375% Debentures:
8.375% debentures	—		2020		—			426
8.375% debentures	276		2030		281			281
Pound Sterling notes:
5.500% notes	82		2031		81			86
5.125% notes	560		2050		531			566
Euro senior notes:
0.375% notes	786		2023		783			779
1.625% notes	786		2025		782			779
1.000% notes	561		2028		559			556
1.500% notes	561		2032		558			556
Floating-rate senior notes	561		2020		561			559
Canadian senior notes:
2.125% notes	549		2024		547			571
Finance lease obligations	515		2020-2210		515			498
Facility notes and bonds	320		2029-2045		320			320
Other debt	7		2020-2025		7			8
Total debt	$	27,087			26,948			25,238
Less: Current maturities					(3,749)			(3,420)
Long-term debt					$	23,199		$	21,818

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details