NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

A summary of notes payable as of December 31 follows:

(In millions)	2016			2015
2.65% senior notes due February 2017		$	649		$	651
2.40% senior notes due March 2020		547			546
4.00% senior notes due February 2022		348			348
3.625% senior notes due June 2023		696			696
3.625% senior notes due November 2024		745			744
3.25% senior notes due March 2025		445			445
2.875% senior notes due October 2026		298			0
6.90% senior notes due December 2039		220			393
6.45% senior notes due August 2040		254			445
4.00% senior notes due October 2046		394			0
5.50% subordinated debentures due September 2052		486			486
Yen-denominated Uridashi notes:
2.26% notes paid September 2016 (principal amount 8 billion yen)		0			66
Yen-denominated Samurai notes:
1.84% notes paid July 2016 (principal amount 15.8 billion yen)		0			131
Yen-denominated loans:
Variable interest rate loan due September 2021 (.31% in 2016, principal amount 5.0 billion yen)		43			0
Variable interest rate loan due September 2023 (.46% in 2016, principal amount 25.0 billion yen)		214			0
Capitalized lease obligations payable through 2023		21			20
Total notes payable		$	5,360		$	4,971

Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2016 related to debt issuance costs.

Amounts in the table above are reported net of debt issuance costs and issuance premiums or discounts, if applicable, that are being amortized over the life of the notes.

Schedule of Maturities of Long Term Debt

The aggregate contractual maturities of notes payable during each of the years after December 31, 2016, are as follows:

(In millions)	Long-term Debt			Capitalized Lease Obligations			Total Notes Payable
2017		$	650		$	6		$	656
2018		0			6			6
2019		0			5			5
2020		550			2			552
2021		43			1			44
Thereafter		4,145			1			4,146
Total		$	5,388		$	21		$	5,409