Debt

Long-term debt is comprised of the following:



	Weighted- Average Interest Rate	Maturities	December 31
	Weighted- Average Interest Rate	Maturities	2012		2011
Notes and debentures	5.53%	2013 - 2046	$	4,857	$	4,984
Dealer remarketable securities	4.22%	2013 - 2016	200		200
Industrial development revenue bonds	0.24%	2015 - 2034	261		280
Bank loans and other financings in various currencies	2.57%	2013 - 2047	508		581
Total long-term debt			5,826		6,045
Less current portion			756		619
Long-term portion			$	5,070	$	5,426

Scheduled maturities of long-term debt for the next five years are $756 in 2013, $523 in 2014, $343 in 2015, $46 in 2016 and $957 in 2017.

During 2010, we issued $250 of 3.625% notes due August 1, 2020. We used the net proceeds to repay floating rate notes that were due July 30, 2010.

In February 2011, we issued $250 of 3.875% notes due March 1, 2021 and $450 of 5.3% notes due March 1, 2041. Proceeds from the offering were used for general corporate purposes, including purchasing shares of company common stock pursuant to publicly announced share repurchase programs.

In February 2012, we issued $300 of 2.4% notes due March 1, 2022. Proceeds from the offering were used for general corporate purposes, including to repay a portion of our $400 aggregate principal amount of 5.625% notes that were due February 15, 2012.

In 2006, we issued $200 of dealer remarketable securities that have a final maturity in 2016. The remarketing provisions of these debt instruments require that each year the securities either be remarketed by the dealer or repaid. In both 2011 and 2012, the dealer exercised its option to remarket the securities for another year, and remarketed the securities to third parties. At December 31, 2012, the fair value of the dealer's option to remarket the securities each year through 2016 is estimated to be $21. We would be obligated to pay the dealer the fair value of its option in the event the securities are not remarketed for any reason other than the dealer's election not to remarket or the failure of the dealer to successfully remarket the securities if the conditions to a remarketing are satisfied. We do not expect this contingency to materialize.

We maintain a $1.5 billion revolving credit facility, scheduled to expire in October 2016, as well as the option to increase this facility by an additional $500. This facility, currently unused, supports our commercial paper program and would provide liquidity in the event our access to the commercial paper market is unavailable for any reason. We had an additional $500 facility that expired pursuant to its terms in October 2012.