Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt as of December 31, 2018 and 2017 consisted of the following:

In millions	2018		2017
Commercial paper	$	—	$	849
Current maturities of long-term debt	1,350		1
Bank overdrafts	1		—
Total short-term debt	$	1,351	$	850

Schedule of Long-term Debt

Long-term debt at carrying value and fair value as of December 31, 2018 and 2017 consisted of the following:

		2018					2017
In millions	Effective Interest Rate	Carrying Value			Fair Value		Carrying Value			Fair Value
1.95% notes due March 1, 2019	1.98%	650			649		649			649
6.25% notes due April 1, 2019	6.25%	700			706		699			736
4.88% notes due thru December 31, 2020	4.96%	4			4		4			4
3.375% notes due September 15, 2021	3.43%	349			354		348			361
1.75% Euro notes due May 20, 2022	1.86%	570			603		595			638
1.25% Euro notes due May 22, 2023	1.35%	569			596		595			624
3.50% notes due March 1, 2024	3.54%	696			712		696			734
2.65% notes due November 15, 2026	2.69%	993			933		992			980
2.125% Euro notes due May 22, 2030	2.18%	567			620		594			646
3.0% Euro notes due May 19, 2034	3.13%	560			678		586			702
4.875% notes due September 15, 2041	4.97%	636			719		636			791
3.9% notes due September 1, 2042	3.96%	1,081			1,087		1,081			1,183
Other borrowings		4			4		4			4
Total		$	7,379		$	7,665	$	7,479		$	8,052
Less: Current maturities of long-term debt		(1,350		)			(1		)
Total long-term debt		$	6,029				$	7,478

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
2019	$	1,350
2020	4
2021	349
2022	570
2023	569
2024 and future years	4,537
Total	$	7,379