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Short-Term Borrowings and Long-Term Debt (Notes)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Debt Disclosure Short-Term Borrowings and Long-Term Debt
In March 2023, the Company issued $6.5 billion of senior unsecured notes consisting of the following:
(in millions, except percentages)Par Value
4.250% notes due January 2029
$1,250 
4.500% notes due April 2033
1,500 
5.050% notes due April 2053
2,000 
5.200% notes due April 2063
1,750 
As of June 30, 2023, the Company had $4.4 billion of commercial paper outstanding, with a weighted-average annual interest rate of 5.1%.
For more information on the Company’s short-term borrowings, debt covenants and long-term debt, see Note 8 of Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data” in the 2022 10-K.