LONG-TERM DEBT AND CREDIT AGREEMENTS

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Long-term Debt

Note 11. Long-term Debt and Credit Agreements

	June 30, 2019			December 31, 2018
1.40% notes due 2019	$	1,250		$	1,250
Three year floating rate notes due 2019	250			250
Two year floating rate notes due 2019	450			450
1.80% notes due 2019	750			750
0.65% Euro notes due 2020	1,137			1,145
4.25% notes due 2021	800			800
1.85% notes due 2021	1,500			1,500
1.30% Euro notes due 2023	1,421			1,432
3.35% notes due 2023	300			300
2.50% notes due 2026	1,500			1,500
2.25% Euro notes due 2028	853			859
5.70% notes due 2036	441			441
5.70% notes due 2037	462			462
5.375% notes due 2041	417			417
3.812% notes due 2047	445			445
Industrial development bond obligations, floating rate maturing at various dates through 2037	22			22
6.625% debentures due 2028	201			201
9.065% debentures due 2033	51			51
Other (including capitalized leases and debt issuance costs), 5.7% weighted average maturing at various dates through 2025	375			353
	12,625			12,628
Less: current portion	(4,017		)	(2,872		)
	$	8,608		$	9,756

On April 26, 2019, the Company entered into a $4.0 billion Amended and Restated Five Year Credit Agreement (the “5-Year Credit Agreement”), with a syndicate of banks. The 5-Year Credit Agreement is maintained for general corporate purposes. Commitments under the 5-Year Credit Agreement can be increased pursuant to the terms of the 5-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. The 5-Year Credit Agreement amends and restates the previously reported $4.0 billion amended and restated five year credit agreement dated as of April 27, 2018 (the "Prior Agreement"). The 5-Year Credit Agreement has substantially the same material terms and conditions of the Prior Agreement.

On April 26, 2019, the Company entered into a $1.5 billion 364-Day Credit Agreement with a syndicate of banks. This 364-Day Credit Agreement is maintained for general corporate purposes.

As of June 30, 2019, there are no outstanding borrowings under any of our credit agreements.