XML 68 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt And Lines Of Credit (Tables)
12 Months Ended
Dec. 31, 2017
Debt Instruments [Abstract]  
Debt Extinguishment [Table Text Block]
Amounts related to early debt extinguishment during the years ended December 31, 2017, 2016 and 2015 were as follows: 
In millions
2017
2016
2015
Debt reductions (a)
$
993

$
266

$
2,151

Pre-tax early debt extinguishment costs (b)
83

29

207


(a)
Reductions related to notes with interest rates ranging from 1.57% to 9.38% with original maturities from 2015 to 2030 for the years ended December 31, 2017, 2016 and 2015. Includes the $630 million payment for a portion of the Special Purpose Entity Liability for the year ended December 31, 2015 (see Note 12 Variable Interest Entities).
(b)
Amounts are included in Restructuring and other charges in the accompanying consolidated statements of operations.
Summary Of Long-Term Debt [Table Text Block]
A summary of long-term debt follows: 
In millions at December 31
2017
2016
9 3/8% note – due 2019
$

$
295

8.7% note – due 2038
264

264

7.95% debenture – due 2018

382

7.5% note – due 2021
409

598

7.3% note – due 2039
721

721

6 7/8% notes – due 2023 – 2029
131

131

6.65% note – due 2037
4

4

6 5/8% note – due 2018

72

6.4% to 7.75% debentures due 2025 – 2027
143

142

6.0% note – due 2041
585

585

5.00% to 5.15% notes – due 2035 – 2046
1,281

1,280

4.8% note – due 2044
796

796

4.75% note – due 2022
817

810

3.00% to 4.40% notes – due 2024 – 2048
4,775

3,786

Floating rate notes – due 2017 – 2025 (a)
650

763

Environmental and industrial development
bonds – due 2017 – 2035 (b)
585

681

Other (c)
(4
)
4

Total (d)
11,157

11,314

Less: current maturities
311

239

Long-term debt
$
10,846

$
11,075


(a)
The weighted average interest rate on these notes was 2.6% in 2017 and 2.2% in 2016.
(b)
The weighted average interest rate on these bonds was 6.0% in 2017 and 5.9% in 2016.
(c)
Includes $70 million and $69 million of debt issuance costs as of December 31, 2017 and 2016, respectively.
(d)
The fair market value was approximately $12.3 billion at December 31, 2017 and $12.0 billion at December 31, 2016.