Long-term debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Long-term debt

	December 31,
(Millions of dollars)	2014		2013		2012
Machinery, Energy & Transportation:
Notes—1.375% due 2014	$	—	$	—	$	750
Notes—5.700% due 2016	504		506		508
Notes—3.900% due 2021	1,246		1,246		1,245
Notes—5.200% due 2041	757		757		757
Debentures—0.950% due 2015	—		500		500
Debentures—1.500% due 2017	500		500		499
Debentures—7.900% due 2018	899		899		899
Debentures—9.375% due 2021	120		120		120
Debentures—2.600% due 2022	498		498		498
Debentures—8.000% due 2023	82		82		82
Debentures—3.400% due 2024	1,000		—		—
Debentures—6.625% due 2028	193		193		193
Debentures—7.300% due 2031	241		241		241
Debentures—5.300% due 20351	211		209		208
Debentures—6.050% due 2036	459		459		459
Debentures—8.250% due 2038	65		65		65
Debentures—6.950% due 2042	160		160		160
Debentures—3.803% due 20422	1,188		1,168		1,149
Debentures—4.300% due 2044	497		—		—
Debentures—4.750% due 2064	498		—		—
Debentures—7.375% due 2097	244		244		244
Capital lease obligations	85		97		73
Other	46		55		16
Total Machinery, Energy & Transportation	9,493		7,999		8,666
Financial Products:
Commercial paper	—		—		—
Medium-term notes	17,295		17,856		18,036
Other	996		864		1,050
Total Financial Products	18,291		18,720		19,086
Total long-term debt due after one year	$	27,784	$	26,719	$	27,752

¹  Debentures due in 2035 have a face value of $307 million and an effective yield to maturity of 8.55%.

²  Debentures due in 2042 have a face value of $1,722 million and an effective yield to maturity of 6.33%.

Aggregate amounts of maturities of long-term debt

The aggregate amounts of maturities of long-term debt during each of the years 2015 through 2019, including amounts due within one year and classified as current, are:

	December 31,
(Millions of dollars)	2015		2016		2017		2018		2019
Machinery, Energy & Transportation	$	510	$	543	$	509	$	906	$	7
Financial Products	6,283		5,507		5,487		2,411		2,381
	$	6,793	$	6,050	$	5,996	$	3,317	$	2,388