| Schedule of Long-term Debt Instruments |
The carrying value of our outstanding debt obligations as of September 30, 2021 and December 31, 2020 consists of the following (in millions):
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Principal
Amount |
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Carrying Value |
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Maturity |
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2021 |
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2020 |
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| Commercial paper |
$ |
— |
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$ |
— |
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$ |
15 |
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| Fixed-rate senior notes: |
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3.125% senior notes |
— |
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2021 |
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— |
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1,507 |
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2.050% senior notes |
— |
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2021 |
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— |
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700 |
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2.450% senior notes |
1,000 |
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2022 |
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1,016 |
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1,028 |
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2.350% senior notes |
600 |
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2022 |
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600 |
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599 |
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2.500% senior notes |
1,000 |
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2023 |
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998 |
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997 |
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2.800% senior notes |
500 |
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2024 |
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498 |
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498 |
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2.200% senior notes |
400 |
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2024 |
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399 |
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398 |
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3.900% senior notes |
1,000 |
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2025 |
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996 |
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995 |
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2.400% senior notes |
500 |
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2026 |
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498 |
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498 |
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3.050% senior notes |
1,000 |
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2027 |
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994 |
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993 |
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3.400% senior notes |
750 |
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2029 |
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746 |
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746 |
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2.500% senior notes |
400 |
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2029 |
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397 |
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397 |
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4.450% senior notes |
750 |
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2030 |
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743 |
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743 |
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6.200% senior notes |
1,500 |
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2038 |
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1,484 |
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1,483 |
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5.200% senior notes |
500 |
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2040 |
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494 |
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493 |
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4.875% senior notes |
500 |
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2040 |
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491 |
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490 |
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3.625% senior notes |
375 |
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2042 |
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368 |
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368 |
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3.400% senior notes |
500 |
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2046 |
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492 |
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491 |
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3.750% senior notes |
1,150 |
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2047 |
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1,137 |
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1,137 |
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4.250% senior notes |
750 |
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2049 |
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743 |
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742 |
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3.400% senior notes |
700 |
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2049 |
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688 |
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688 |
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5.300% senior notes |
1,250 |
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2050 |
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1,231 |
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1,231 |
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| Floating-rate senior notes: |
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| Floating-rate senior notes |
— |
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2021 |
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— |
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350 |
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| Floating-rate senior notes |
400 |
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2022 |
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400 |
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399 |
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| Floating-rate senior notes |
500 |
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2023 |
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500 |
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499 |
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| Floating-rate senior notes |
1,039 |
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2049-2067 |
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1,027 |
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1,027 |
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| Debentures: |
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7.620% debentures(1)
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276 |
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2030 |
|
280 |
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281 |
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| Pound Sterling Notes: |
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5.500% notes |
89 |
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2031 |
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88 |
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90 |
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5.125% notes |
612 |
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2050 |
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581 |
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586 |
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| Euro Senior Notes: |
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0.375% senior notes |
811 |
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2023 |
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808 |
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857 |
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1.625% senior notes |
811 |
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2025 |
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807 |
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856 |
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1.000% senior notes |
579 |
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2028 |
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576 |
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611 |
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1.500% senior notes |
579 |
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2032 |
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575 |
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611 |
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| Canadian senior notes: |
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2.125% senior notes |
588 |
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2024 |
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586 |
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583 |
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| Finance lease obligations |
542 |
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2021-2062 |
|
542 |
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342 |
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| Facility notes and bonds |
320 |
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2029-2045 |
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320 |
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320 |
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| Other debt |
3 |
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2021-2025 |
|
3 |
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5 |
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| Total debt |
$ |
22,274 |
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22,106 |
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24,654 |
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| Less: current maturities |
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(1,268) |
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(2,623) |
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| Long-term debt |
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$ |
20,838 |
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$ |
22,031 |
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(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.
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