Long-Term Debt and Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2013

Long-Term Debt and Short-Term Borrowings

Schedule of Long-Term Debt

Long-Term Debt
	Currency/	Effective		Final
(Millions)	Fixed vs.	Interest		Maturity	Carrying Value
Description / 2013 Principal Amount	Floating	Rate		Date	2013		2012
Eurobond (775 million Euros)	Euro Fixed	4.30	%	2014	$	1,075	$	1,034
Medium-term note ($1 billion)	USD Fixed	1.62	%	2016		995		994
Medium-term note	USD Fixed	―	%	―		―		850
30-year bond ($750 million)	USD Fixed	5.73	%	2037		748		747
Medium-term note ($650 million)	USD Fixed	1.10	%	2017		648		647
Medium-term note ($600 million)	USD Fixed	2.17	%	2022		592		592
Eurobond (300 million Euros)	Euro Fixed	1.97	%	2021		411		―
Eurobond (300 million Euros)	Euro Floating	0.57	%	2021		404		―
Eurobond (250 million Euros)	Euro Floating	0.43	%	2014		349		349
30-year debenture ($330 million)	USD Fixed	6.01	%	2028		346		347
UK borrowing (66 million GBP)	GBP Floating	1.35	%	2015		109		106
Floating rate note ($97 million)	USD Floating	0.00	%	2041		97		97
Floating rate note ($59 million)	USD Floating	0.00	%	2044		59		59
Other borrowings	Various	0.64	%	2014-2040		79		80
Total long-term debt					$	5,912	$	5,902
Less: current portion of long-term debt						1,586		986
Long-term debt (excluding current portion)					$	4,326	$	4,916

Schedule of Short-Term Borrowings and Current Portion of Long-Term Debt

Short-Term Borrowings and Current Portion of Long-Term Debt
	Effective		Carrying Value
(Millions)	Interest Rate		2013		2012
Current portion of long-term debt	3.05	%	$	1,586	$	986
U.S. dollar commercial paper	―	%		―		―
Other borrowings	5.35	%		97		99
Total short-term borrowings and current portion of long-term debt			$	1,683	$	1,085

Schedule of Weighted-Average Effective Interest Rate

Weighted-Average Effective Interest Rate
	Total
At December 31	2013		2012
Short-term	3.18	%	3.91	%
Long-term	2.56	%	3.16	%

Schedule of Maturities of Long-Term Debt

Maturities of long-term debt for the five years subsequent to December 31, 2013 are as follows (in millions):
										After
2014		2015		2016		2017		2018		2018		Total
$	1,586	$	109	$	996	$	720	$	―	$	2,501	$	5,912