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TableofContents
NOTE10.Long-TermDebtandShort-TermBorrowings
Thefollowingdebttablesreflecteffectiveinterestrates,whichincludetheimpactofinterestrateswaps,asofDecember31,2015.If
thedebtwasissuedonacombinedbasis,thedebthasbeenseparatedtoshowtheimpactofthefixedversusfloatingeffectiveinterest
rates.Carryingvalueincludestheimpactofdebtissuancecostsandfairvaluehedgingactivity.Long-termdebtandshort-term
borrowingsasofDecember31consistedofthefollowing:
Long-TermDebt
 Currency/ Effective Final  
(Millions) Fixedvs. Interest Maturity CarryingValue 
Description/2015PrincipalAmount Floating Rate Date 2015 2014 
Medium-termnote($1billion) USDFixed 1.62 % 2016  $ 999 $ 996 
Medium-termnote($650million) USDFixed 1.10 % 2017  648 647 
Medium-termnote(500millionEuros) EuroFloating  0.16 % 2018  545 606 
Medium-termnote($450million) USDFloating 0.44 % 2018  448 — 
Medium-termnote($600million) USDFloating 0.55 % 2019  597 592 
Medium-termnote($25million) USDFixed 1.74 % 2019  25 25 
Medium-termnote(650millionEuros) EuroFloating  0.15 % 2020  708 — 
Medium-termnote($300million) USDFloating 0.61 % 2020  297 — 
Medium-termnote($200million) USDFixed 2.12 % 2020  198 — 
Eurobond(300millionEuros) EuroFloating  0.21 % 2021  348 389 
Eurobond(300millionEuros) EuroFixed 1.97 % 2021  326 361 
Medium-termnote($600million) USDFixed 2.17 % 2022  592 591 
Medium-termnote(600millionEuros) EuroFixed 1.14 % 2023  644 — 
Medium-termnote($550million) USDFixed 3.04 % 2025  545 — 
Medium-termnote(750millionEuros) EuroFixed 1.71 % 2026  801 892 
30-yeardebenture($330million) USDFixed 6.01 % 2028  343 344 
Medium-termnote(500millionEuros) EuroFixed 1.90 % 2030  533 — 
30-yearbond($750million) USDFixed 5.73 % 2037  743 742 
Floatingratenote($96million) USDFloating 0.22 % 2041  96 96 
Medium-termnote($325million) USDFixed 4.05 % 2044  313 312 
Floatingratenote($55million) USDFloating 0.16 % 2044  55 55 
Otherborrowings Various 0.22 % 2016-2040  74 112 
Totallong-termdebt    $ 9,878 $ 6,760 
Less:currentportionoflong-termdebt    1,125 55 
Long-termdebt(excludingcurrentportion)    $ 8,753 $ 6,705 
Post-SwapBorrowing(Long-TermDebt,IncludingCurrentPortion)
2015 2014 
 Carrying  Effective  Carrying  Effective
(Millions) Value InterestRate Value InterestRate
Fixed-ratedebt $ 6,712 2.54 % $ 4,911  2.74 %
Floating-ratedebt 3,166 0.32 % 1,849  0.53 %
Totallong-termdebt,includingcurrentportion $ 9,878  $ 6,760  
Short-TermBorrowingsandCurrentPortionofLong-TermDebt
Effective CarryingValue 
(Millions)  InterestRate  2015  2014
Currentportionoflong-termdebt 1.45 %$ 1,125 $ 55 
U.S.dollarcommercialpaper — % — — 
Otherborrowings 1.01 % 919 51 
Totalshort-termborrowingsandcurrentportionoflong-termdebt  $ 2,044 $ 106 
79