Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

v3.21.2
DEBT AND FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The carrying value of our outstanding debt obligations as of June 30, 2021 and December 31, 2020 consists of the following (in millions):
Principal
Amount
Carrying Value
Maturity 2021 2020
Commercial paper $ 498  2021 $ 498  $ 15 
Fixed-rate senior notes:
3.125% senior notes
—  2021 —  1,507 
2.050% senior notes
—  2021 —  700 
2.450% senior notes
1,000  2022 1,020  1,028 
2.350% senior notes
600  2022 599  599 
2.500% senior notes
1,000  2023 997  997 
2.800% senior notes
500  2024 498  498 
2.200% senior notes
400  2024 398  398 
3.900% senior notes
1,000  2025 996  995 
2.400% senior notes
500  2026 498  498 
3.050% senior notes
1,000  2027 993  993 
3.400% senior notes
750  2029 746  746 
2.500% senior notes
400  2029 397  397 
4.450% senior notes
750  2030 744  743 
6.200% senior notes
1,500  2038 1,484  1,483 
5.200% senior notes
500  2040 493  493 
4.875% senior notes
500  2040 490  490 
3.625% senior notes
375  2042 368  368 
3.400% senior notes
500  2046 492  491 
3.750% senior notes
1,150  2047 1,137  1,137 
4.250% senior notes
750  2049 742  742 
3.400% senior notes
700  2049 688  688 
5.300% senior notes
1,250  2050 1,231  1,231 
Floating-rate senior notes:
Floating-rate senior notes —  2021 —  350 
Floating-rate senior notes 400  2022 400  399 
Floating-rate senior notes 500  2023 500  499 
Floating-rate senior notes 1,039  2049-2067 1,027  1,027 
Debentures:
7.620% debentures(1)
276  2030 280  281 
Pound Sterling Notes:
5.500% notes
92  2031 91  90 
5.125% notes
630  2050 597  586 
Euro Senior Notes:
0.375% senior notes
832  2023 829  857 
1.625% senior notes
832  2025 829  856 
1.000% senior notes
594  2028 592  611 
1.500% senior notes
594  2032 591  611 
Canadian senior notes:
2.125% senior notes
605  2024 603  583 
Finance lease obligations 419  2021-2159 419  342 
Facility notes and bonds 320  2029-2045 320  320 
Other debt 2021-2025
Total debt $ 22,760  22,591  24,654 
Less: current maturities (1,564) (2,623)
Long-term debt $ 21,027  $ 22,031 
(1) On April 1, 2020, the interest rate on these debentures decreased from 8.375% to 7.620% for the remaining 10 years until maturity.