Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt as of December 31, 2017 and 2016 consisted of the following:

In millions	2017		2016
Commercial paper	$	849	$	—
Current maturities of long-term debt	1		650
Other borrowings	—		2
Total short-term debt	$	850	$	652

Schedule of Long-term Debt

Long-term debt at carrying value and fair value as of December 31, 2017 and 2016 consisted of the following:

		2017					2016
In millions	Effective Interest Rate	Carrying Value			Fair Value		Carrying Value			Fair Value
0.90% notes due February 25, 2017	0.95%	$	—		$	—	$	650		$	650
1.95% notes due March 1, 2019	1.98%	649			649		648			656
6.25% notes due April 1, 2019	6.25%	699			736		698			768
4.88% notes due thru December 31, 2020	4.96%	4			4		4			4
3.375% notes due September 15, 2021	3.43%	348			361		348			365
1.75% Euro notes due May 20, 2022	1.86%	595			638		520			565
1.25% Euro notes due May 22, 2023	1.35%	595			624		520			549
3.50% notes due March 1, 2024	3.54%	696			734		695			728
2.65% notes due November 15, 2026	2.69%	992			980		991			959
2.125% Euro notes due May 22, 2030	2.18%	594			646		519			565
3.0% Euro notes due May 19, 2034	3.13%	586			702		512			618
4.875% notes due September 15, 2041	4.97%	636			791		636			734
3.9% notes due September 1, 2042	3.96%	1,081			1,183		1,080			1,114
Other borrowings		4			4		6			6
Total		$	7,479		$	8,052	$	7,827		$	8,281
Less: Current maturities of long-term debt		(1		)			(650		)
Total long-term debt		$	7,478				$	7,177

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
2018	$	1
2019	1,348
2020	4
2021	348
2022	595
2023 and future years	5,183
Total	$	7,479