Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

v3.22.2
DEBT AND FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The carrying value of our outstanding debt obligations as of June 30, 2022 and December 31, 2021 consists of the following (in millions):
Principal
Amount
Carrying Value
Maturity 2022 2021
Fixed-rate senior notes:
2.450% senior notes
1,000  2022 999  1,010 
2.350% senior notes
—  2022 —  600 
2.500% senior notes
1,000  2023 999  998 
2.800% senior notes
500  2024 498  498 
2.200% senior notes
400  2024 399  399 
3.900% senior notes
1,000  2025 997  996 
2.400% senior notes
500  2026 499  498 
3.050% senior notes
1,000  2027 994  994 
3.400% senior notes
750  2029 746  746 
2.500% senior notes
400  2029 397  397 
4.450% senior notes
750  2030 744  744 
6.200% senior notes
1,500  2038 1,484  1,484 
5.200% senior notes
500  2040 494  494 
4.875% senior notes
500  2040 491  491 
3.625% senior notes
375  2042 368  368 
3.400% senior notes
500  2046 492  492 
3.750% senior notes
1,150  2047 1,137  1,137 
4.250% senior notes
750  2049 743  743 
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 —  2022 —  400 
Floating-rate senior notes 500  2023 500  500 
Floating-rate senior notes 1,039  2049-2067 1,027  1,027 
Debentures:
7.620% debentures
276  2030 280  280 
Pound Sterling notes:
5.500% notes
81  2031 80  89 
5.125% notes
553  2050 525  583 
Euro senior notes:
0.375% senior notes
728  2023 727  791 
1.625% senior notes
728  2025 726  791 
1.000% senior notes
520  2028 518  564 
1.500% senior notes
520  2032 517  564 
Canadian senior notes:
2.125% senior notes
582  2024 580  585 
Finance lease obligations 372  2022-2046 372  408 
Facility notes and bonds 320  2029-2045 320  320 
Other debt 2022-2025
Total debt $ 20,748  20,576  21,915 
Less: current maturities (2,579) (2,131)
Long-term debt $ 17,997  $ 19,784