

December 31,	2014		2013
U.S. dollar:
Medium-term notes due 2038 – 2041¹	$	114	$	121
5.875% notes due 2014²	—		170
1.75% notes due 2014²	—		400
Floating rate notes due 2014^2,3	—		600
4.875% notes due 2014²	—		500
3.25% notes due 2015^2,4	1,001		1,028
4.75% notes due 2015²	400		400
1.95% notes due 2016	499		498
2.75% notes due 2016	500		500
5.25% notes due 2016	600		599
6.00% notes due 2018⁵	1,338		1,361
5.75% notes due 2019	499		499
4.625% notes due 2020	998		997
3.625% notes due 2021	999		999
4.25% notes due 2021	499		499
2.80% notes due 2023	1,250		1,250
6.50% debentures due 2028	299		299
5.60% notes due 2036	396		395
4.90% notes due 2041	494		494
4.15% notes due 2043	749		749
Other loans (average interest rate of 4.2 percent)²	29		33
Other loans- various currencies²	—		1
	10,664		12,392
Less short-term portion of long-term debt	1,405		1,674
	9,259		10,718
Capital lease obligations	12		23
Total	$	9,271	$	10,741


^1.	Average interest rates on medium-term notes were 0.0% at December 31, 2014 and 2013.


^2.	Includes long-term debt due within one year.


^3.	Interest rate on floating notes during 2014 and at December 31, 2013 was 0.7%.

^4.

At December 31, 2014 and 2013, the company had outstanding interest rate swap agreements with gross notional amounts of $1,000. Over the remaining terms of the notes, the company will receive fixed payments equivalent to the underlying debt and pay floating payments based on USD LIBOR (London Interbank Offered Rate). The fair value of outstanding swaps was an asset of $1 and $29 at December 31, 2014 and 2013, respectively.


^5.	During 2008, the interest rate swap agreement associated with these notes was terminated. The gain will be amortized over the remaining life of the bond, resulting in an effective yield of 3.85%