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Debt Financing (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Summary of Debt Obligations
The following table summarizes the Company’s debt obligations (interest rates and debt amounts reflected in the table include the effects of interest rate swaps used to hedge debt).
Interest rates(1)
December 31
Amounts outstanding
December 31
In millions of U.S. DollarsMaturity dates2024202320242023
Fixed4.2 %4.2 %$24,134 $23,383 
Floating5.7 6.9 1,290 1,097 
Total U.S. Dollar2025-205325,424 24,480 
Fixed2.5 2.4 8,875 10,781 
Floating5.3 6.6 311 331 
Total Euro2025-20359,186 11,112 
Fixed3.7 3.4 371 749 
Floating— 5.5 — 204 
Total Australian Dollar2026-2029371 953 
Total British Pounds Sterling - Fixed2032-20544.1 4.1 1,559 1,585 
Total Canadian Dollar - Fixed2025-20314.0 3.1 1,390 755 
Total Japanese Yen - Fixed20302.9 2.9 79 89 
Fixed1.2 0.2 605 475 
Floating0.7 4.9 2 118 
Total other currencies(2)
2025-2032607 593 
Debt obligations before fair value adjustments and deferred debt costs(3)
38,616 39,567 
Fair value adjustments(4)
(40)(62)
Deferred debt costs(152)(160)
Total debt obligations$38,424 $39,345 
(1)Weighted-average effective rate, computed on a semi-annual basis.
(2)Consists of Swiss Francs and Polish Zloty.
(3)Aggregate maturities for 2024 debt balances, before fair value adjustments and deferred debt costs, are as follows (in millions): 2025–$0; 2026–$2,392; 2027–$3,036; 2028–$7,221; 2029–$3,394; Thereafter-$22,573. These amounts include a reclassification of short-term obligations totaling $3.8 billion to long-term obligations as they are supported by a long-term line of credit agreement expiring in June 2028.
(4)The carrying value of underlying items in fair value hedges, in this case debt obligations, are adjusted for fair value changes to the extent they are attributable to the risk designated as being hedged. The related hedging instruments are also recorded at fair value on the Consolidated Balance Sheet.