Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Short-term and long-term borrowings are comprised of the following at December 31:



	2018				2017
	Amount		Weighted Average Rate⁽¹⁾		Amount		Weighted Average Rate⁽¹⁾
Short-term borrowings
Short-term bank borrowings	$	—	n/a		$	171	12.6	%
Current portion of long-term borrowings	—		n/a		639		2.1	%
Short-term borrowings from GE	896		n/a		1,124		n/a
Other short-term borrowings	46		9.9	%	103		7.6	%
Total short-term borrowings	942				2,037

Long-term borrowings
3.2% Senior Notes due August 2021 ⁽²⁾	523		2.5	%	526		2.5	%
2.773% Senior Notes due December 2022	1,245		2.9	%	1,244		2.9	%
8.55% Debentures due June 2024 ⁽²⁾	131		4.1	%	135		3.9	%
3.337% Senior Notes due December 2027	1,343		3.4	%	1,342		3.4	%
6.875% Notes due January 2029 ⁽²⁾	294		3.9	%	308		3.9	%
5.125% Notes due September 2040 ⁽²⁾	1,306		4.2	%	1,311		4.1	%
4.080% Senior Notes due December 2047	1,336		4.1	%	1,337		4.1	%
Capital leases	103		5.4	%	87		7.0	%
Other long-term borrowings	4		3.8	%	22		1.9	%
Total long-term borrowings	6,285				6,312
Total borrowings	$	7,227			$	8,349


⁽¹⁾	Weighted average effective interest rate is based on the carrying value including step-up adjustments, as applicable, recorded upon the acquisition of Baker Hughes as of December 31, 2018 and 2017.


⁽²⁾	Represents long-term fixed rate debt obligations assumed in connection with the acquisition of Baker Hughes, net of amounts repurchased subsequent to the closing of the Transactions.

Maturities of debt for each of the five years in the period ended December 31, 2023, and in the aggregate thereafter, are listed in the table below: