Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Short-term and long-term borrowings

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

	2019				2018
	Amount		Weighted Average Rate(1)		Amount		Weighted Average Rate(1)
Short-term borrowings
Short-term borrowings from GE	$	273	n/a		$	896	n/a
Other short-term borrowings	48		4.8	%	46		9.9	%
Total short-term borrowings	321				942
Long-term borrowings
3.2% Senior Notes due August 2021 (2)	—		n/a		523		2.5	%
2.773% Senior Notes due December 2022	1,246		2.9	%	1,245		2.9	%
8.55% Debentures due June 2024 (2)	127		4.1	%	131		4.1	%
3.337% Senior Notes due December 2027	1,343		3.4	%	1,343		3.4	%
6.875% Notes due January 2029 (2)	289		3.9	%	294		3.9	%
3.138% Senior Notes due November 2029	522		3.2	%	—		n/a
5.125% Notes due September 2040 (2)	1,301		4.2	%	1,306		4.2	%
4.080% Senior Notes due December 2047	1,337		4.1	%	1,336		4.1	%
Other long-term borrowings	136		3.4	%	107		5.3	%
Total long-term borrowings	6,301				6,285
Total borrowings	$	6,622			$	7,227

⁽¹⁾  Weighted average effective interest rate is based on the carrying value including step-up adjustments, as applicable, recorded upon the acquisition of BHI.

⁽²⁾ 

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

Schedule of maturities of debt

Maturities of debt for each of the five years in the period ending December 31, 2024, and in the aggregate thereafter, are listed in the table below:

	2020		2021		2022		2023		2024		Thereafter
Total debt	$	321	$	40	$	1,275	$	28	$	148	$	4,810