Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt as of December 31, 2016 and 2015 consisted of the following:

In millions	2016		2015
Commercial paper	$	—	$	498
Bank overdrafts	—		25
Current maturities of long-term debt	650		1
Other borrowings	2		2
Total short-term debt	$	652	$	526

Schedule of Long-term Debt

Long-term debt at carrying value and fair value as of December 31, 2016 and 2015 consisted of the following:

		2016					2015
In millions	Effective Interest Rate	Carrying Value			Fair Value		Carrying Value			Fair Value
0.90% notes due February 25, 2017	0.95%	$	650		$	650	$	649		$	649
1.95% notes due March 1, 2019	1.98%	648			656		647			655
6.25% notes due April 1, 2019	6.25%	698			768		698			790
4.88% notes due thru December 31, 2020	4.96%	4			4		4			4
3.375% notes due September 15, 2021	3.43%	348			365		347			362
1.75% Euro notes due May 20, 2022	1.86%	520			565		536			564
1.25% Euro notes due May 22, 2023	1.35%	520			549		536			538
3.50% notes due March 1, 2024	3.54%	695			728		695			727
2.65% notes due November 15, 2026	2.69%	991			959		—			—
2.125% Euro notes due May 22, 2030	2.18%	519			565		536			530
3.0% Euro notes due May 19, 2034	3.13%	512			618		528			569
4.875% notes due September 15, 2041	4.97%	636			734		635			708
3.9% notes due September 1, 2042	3.96%	1,080			1,114		1,080			1,051
Other borrowings		6			6		6			6
Total		$	7,827		$	8,281	$	6,897		$	7,153
Less: Current maturities of long-term debt		(650		)			(1		)
Total long-term debt		$	7,177				$	6,896

Scheduled Maturities of Long-term Debt

Scheduled maturities of long-term debt, including current maturities of long-term debt, for the future years ending December 31 are as follows:

In millions
2017	$	650
2018	—
2019	1,346
2020	4
2021	348
2022 and future years	5,479
Total	$	7,827