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NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableSep 30, 2021Dec 31, 2020
In millions
Notes payable to banks and other lenders$270$156
Period-end average interest rates6.38 %3.89 %
Schedule of Long-term Debt Instruments
Long-Term Debt2021 Average RateSep 30, 20212020 Average RateDec 31, 2020
In millions
Promissory notes and debentures:
Final maturity 2021— %$— 8.95 %$173 
Final maturity 20228.64 %121 8.64 %121 
Final maturity 20237.63 %250 7.63 %250 
Final maturity 2024— %— 3.43 %1,017 
Final maturity 20255.63 %333 5.13 %625 
Final maturity 20263.63 %750 3.63 %750 
Final maturity 2027 and thereafter 1
5.15 %9,364 5.34 %10,138 
Other facilities:
Foreign currency notes and loans, various rates and maturities1.22 %2,889 1.41 %3,189 
InterNotes®, varying maturities through 20513.40 %382 3.56 %535 
Finance lease obligations 2
542 518 
Unamortized debt discount and issuance costs(313)(365)
Long-term debt due within one year 3
(291)(460)
Long-term debt$14,027 $16,491 
1.Cost includes net fair value hedge adjustment gains of $48 million at September 30, 2021 ($69 million at December 31, 2020). See Note 18 for additional information.
2.See Note 13 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, 2021
In millions
2021$122 
2022$191 
2023$345 
2024$41 
2025$364 
2026$801 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Sep 30, 2021
In millionsCommitted CreditAvailable CreditMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility$5,000 $5,000 October 2024Floating rate
Bilateral Revolving Credit Facility 300 300 December 2021Floating rate
Bilateral Revolving Credit Facility300 300 December 2021Floating rate
Bilateral Revolving Credit Facility150 150 March 2022Floating rate
Bilateral Revolving Credit Facility100 100 June 2022Floating rate
Bilateral Revolving Credit Facility200 200 September 2022Floating rate
Bilateral Revolving Credit Facility 1
200 200 November 2022Floating rate
Bilateral Revolving Credit Facility200 200 September 2023Floating rate
Bilateral Revolving Credit Facility250 250 September 2023Floating rate
Bilateral Revolving Credit Facility300 300 September 2023Floating rate
Bilateral Revolving Credit Facility100 100 October 2024Floating rate
Bilateral Revolving Credit Facility100 100 October 2024Floating rate
Bilateral Revolving Credit Facility200 200 November 2024Floating rate
Bilateral Revolving Credit Facility100 100 March 2025Floating rate
Bilateral Revolving Credit Facility250 250 March 2025Floating rate
Bilateral Revolving Credit Facility350 350 March 2025Floating rate
Total committed and available credit facilities$8,100 $8,100 
1.Assumes the option to extend the bilateral revolving credit facility will be exercised.