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Debt (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The weighted average commercial paper outstanding and its related interest rates are as follows (in millions, except percentages):
 
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
 
2019
 
2018
 
2019
 
2018
Weighted average commercial paper outstanding
 
$
656

 
$
820

 
541

 
$
566

Weighted average interest rate of commercial paper outstanding
 
0.15
%
 
0.79
%
 
0.43
%
 
0.83
%

Commercial paper outstanding, which is included in Short-term debt and current portion of long-term debt in the Company’s Condensed Consolidated Statements of Financial Position, is as follows (in millions):
As of
 
September 30, 2019
 
December 31, 2018
Commercial paper outstanding
 
$
546

 
$
250