Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

v3.23.3
DEBT AND FINANCING ARRANGEMENTS (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The carrying value of our outstanding debt obligations as of September 30, 2023 and December 31, 2022 consisted of the following (in millions):
Principal
Amount
Carrying Value
Maturity 2023 2022
Commercial paper $ 461  2023-2024 $ 458  $ — 
Fixed-rate senior notes:
2.500% senior notes
$ —  2023 $ —  $ 999 
2.800% senior notes
500  2024 499  499 
2.200% senior notes
400  2024 400  399 
3.900% senior notes
1,000  2025 998  997 
2.400% senior notes
500  2026 499  499 
3.050% senior notes
1,000  2027 996  995 
3.400% senior notes
750  2029 747  747 
2.500% senior notes
400  2029 398  397 
4.450% senior notes
750  2030 745  744 
4.875% senior notes
900  2033 894  — 
6.200% senior notes
1,500  2038 1,485  1,485 
5.200% senior notes
500  2040 494  494 
4.875% senior notes
500  2040 491  491 
3.625% senior notes
375  2042 369  369 
3.400% senior notes
500  2046 492  492 
3.750% senior notes
1,150  2047 1,138  1,137 
4.250% senior notes
750  2049 743  743 
3.400% senior notes
700  2049 689  688 
5.300% senior notes
1,250  2050 1,231  1,231 
5.050% senior notes
1,100  2053 1,083  — 
Floating-rate senior notes:
Floating-rate senior notes —  2023 —  500 
Floating-rate senior notes 1,566  2049-2073 1,549  1,027 
Debentures:
7.620% debentures
276  2030 280  280 
Pound Sterling notes:
5.500% notes
81  2031 81  79 
5.125% notes
555  2050 527  521 
Euro senior notes:
0.375% senior notes
741  2023 741  745 
1.625% senior notes
741  2025 739  744 
1.000% senior notes
530  2028 527  531 
1.500% senior notes
530  2032 527  530 
Canadian senior notes:
2.125% senior notes
556  2024 555  553 
Finance lease obligations 425  2023-2046 425  390 
Facility notes and bonds 320  2029-2045 320  320 
Other debt 2023-2026 36 
Total debt $ 21,312  21,125  19,662 
Less: current maturities (2,243) (2,341)
Long-term debt $ 18,882  $ 17,321