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Debt Obligations and Commitments (Tables) | 12 Months Ended
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Dec. 25, 2021
Debt Disclosure [Abstract] |
Schedule of Long and Short-Term Debt Contractural Commitments | The following table summarizes our debt obligations:
| 2021(a) |  | 2020(a)
Short-term debt obligations (b) |  |  |
Current maturities of long-term debt | $ | 3,872 |  |  | $ | 3,358 |
Commercial paper (0.1% and 0.2%) | 400 |  |  | 396 |
Other borrowings (2.2% and 1.7%) | 36 |  |  | 26 |
| $ | 4,308 |  |  | $ | 3,780 |
Long-term debt obligations (b) |  |  |
Notes due 2021 (2.2%) | $ | — |  |  | $ | 3,356 |
Notes due 2022 (2.4% and 2.5%) | 3,868 |  |  | 3,867 |
Notes due 2023 (1.5% and 1.5%) | 3,019 |  |  | 3,017 |
Notes due 2024 (2.1% and 2.1%) | 2,986 |  |  | 3,067 |
Notes due 2025 (2.7% and 2.7%) | 3,230 |  |  | 3,227 |
Notes due 2026 (3.2% and 3.2%) | 2,450 |  |  | 2,492 |
Notes due 2027-2060 (2.6% and 2.8%) | 24,313 |  |  | 24,673 |
Other, due 2021-2027 (1.3% and 1.3%) | 32 |  |  | 29 |
| 39,898 |  |  | 43,728 |
Less: current maturities of long-term debt obligations | 3,872 |  |  | 3,358 |
Total | $ | 36,026 |  |  | $ | 40,370 |
(a)Amounts are shown net of unamortized net discounts of $233 million and $260 million for 2021 and 2020, respectively. (b)The interest rates presented reflect weighted-average effective interest rates at year-end. Certain of our fixed rate indebtedness have been swapped to floating rates through the use of interest rate derivative instruments. See Note 9 for further information regarding our interest rate derivative instruments.
Schedule of Debt Issuances | In 2021, we issued the following senior notes:
Interest Rate |  | Maturity Date |  | Amount(a)
0.750 | % |  | October 2033 |  | € | 1,000 |
1.950 | % |  | October 2031 |  | $ | 1,250 |
2.625 | % |  | October 2041 |  | $ | 750 |
2.750 | % |  | October 2051 |  | $ | 1,000 |
(a)Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums. In 2021, we paid $4.8 billion in cash in connection with the tender of certain notes redeemed in the following amounts:
Interest Rate |  | Maturity Date |  | Principal Amount Tendered |
5.500 | % |  | May 2035 |  | $ | 8 |  |
5.500 | % |  | May 2035 |  | $ | 1 |  | (a)
5.500 | % |  | January 2040 |  | $ | 26 |  |
3.500 | % |  | March 2040 |  | $ | 443 |  |
4.875 | % |  | November 2040 |  | $ | 30 |  |
4.000 | % |  | March 2042 |  | $ | 261 |  |
3.600 | % |  | August 2042 |  | $ | 210 |  |
4.250 | % |  | October 2044 |  | $ | 190 |  |
4.600 | % |  | July 2045 |  | $ | 203 |  |
4.450 | % |  | April 2046 |  | $ | 532 |  |
3.450 | % |  | October 2046 |  | $ | 622 |  |
4.000 | % |  | May 2047 |  | $ | 212 |  |
3.375 | % |  | July 2049 |  | $ | 508 |  |
3.625 | % |  | March 2050 |  | $ | 611 |  |
3.875 | % |  | March 2060 |  | $ | 240 |  |
(a)Series A.

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