XML 57 R44.htm IDEA: XBRL DOCUMENT v3.24.3
NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableSep 30, 2024Dec 31, 2023
In millions
Notes payable to banks and other lenders$111$62
Period-end average interest rates39.13 %33.84 %
Schedule of Long-term Debt Instruments
Long-Term Debt
2024 Average Rate
Sep 30, 2024
2023 Average Rate
Dec 31, 2023
In millions
Promissory notes and debentures:
Final maturity 20255.63 %$333 5.63 %$333 
Final maturity 20284.80 %600 4.80 %600 
Final maturity 20297.58 %1,368 7.58 %1,367 
Final maturity 2030 and thereafter 1
5.11 %10,072 5.07 %8,861 
Other facilities:
Foreign currency notes and loans, various rates and maturities2.13 %2,736 1.18 %2,653 
InterNotes®, varying maturities through 20544.26 %644 4.12 %595 
Finance lease obligations 2
961 873 
Unamortized debt discount and issuance costs(254)(258)
Long-term debt due within one year 3
(296)(117)
Long-term debt$16,164 $14,907 
1.Cost includes net fair value hedge adjustment gains of $70 million at September 30, 2024 ($49 million at December 31, 2023). See Note 19 for additional information.
2.See Note 14 for additional information.
3.Presented net of current portion of unamortized debt issuance costs.
Schedule of Maturities of Long-term Debt
Maturities of Long-Term Debt for Next Five Years at Sep 30, 2024
In millions
2024$35 
2025$525 
2026$131 
2027$1,289 
2028$696 
2029$1,457 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Sep 30, 2024
In millionsCommitted CreditAvailable CreditMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility$5,000 $5,000 November 2028Floating rate
Bilateral Revolving Credit Facility 375 375 October 2024Floating rate
Bilateral Revolving Credit Facility100 100 March 2025Floating rate
Bilateral Revolving Credit Facility100 100 March 2025Floating rate
Bilateral Revolving Credit Facility200 200 September 2025Floating rate
Bilateral Revolving Credit Facility175 175 September 2025Floating rate
Bilateral Revolving Credit Facility300 300 November 2025Floating rate
Bilateral Revolving Credit Facility300 300 February 2026Floating rate
Bilateral Revolving Credit Facility100 100 March 2026Floating rate
Bilateral Revolving Credit Facility150 150 November 2026Floating rate
Bilateral Revolving Credit Facility200 200 November 2026Floating rate
Bilateral Revolving Credit Facility250 250 March 2027Floating rate
Bilateral Revolving Credit Facility100 100 May 2027Floating rate
Bilateral Revolving Credit Facility350 350 June 2027Floating rate
Bilateral Revolving Credit Facility200 200 September 2027Floating rate
Bilateral Revolving Credit Facility100 100 October 2027Floating rate
Bilateral Revolving Credit Facility100 100 November 2027Floating rate
Bilateral Revolving Credit Facility300 300 May 2028Floating rate
Total committed and available credit facilities$8,400 $8,400