Quarterly report pursuant to Section 13 or 15(d)

Debt and Borrowing Arrangements

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Debt and Borrowing Arrangements
 9 Months Ended
Sep. 30, 2016
Debt and Borrowing Arrangements Disclosure [Abstract]  
Debt Disclosure [Text Block]
DEBT AND BORROWING ARRANGEMENTS
During the nine months ended September 30, 2016, the Company issued Australian dollar-, euro- and U.S. dollar-denominated debt of AUD1,000 million, €500 million and $3,725 million, respectively. The carrying value of this debt as of September 30, 2016 was $5,009 million. The general terms of the notes issued are as follows:
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AUD450 million total principal amount of notes due June 9, 2020, at a fixed interest rate of 2.6 percent;
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AUD550 million total principal amount of notes due June 11, 2024, at a fixed interest rate of 3.25 percent;
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$225 million total principal amount of notes due November 16, 2017, at a variable interest rate equal to the three-month London Interbank Offered Rate ("LIBOR") plus 0.05 percent;
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$1,000 million total principal amount of notes due May 30, 2019, at a fixed interest rate of 1.375 percent;
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$1,000 million total principal amount of notes due September 1, 2021, at a fixed interest rate of 1.55 percent;
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$500 million total principal amount of notes due June 1, 2026, at a fixed interest rate of 2.55 percent;
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$1,000 million total principal amount of notes due September 1, 2026, at a fixed interest rate of 2.25 percent; and
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€500 million total principal amount of notes due September 2, 2036, at a fixed interest rate of 1.1 percent.
During the nine months ended September 30, 2016, the Company retired upon maturity $1,654 million total principal amount of notes due September 1, 2016, at a fixed interest rate of 1.8 percent.