Debt Obligations and Commitments (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Long and Short-Term Debt Contractural Commitments

The following table summarizes our debt obligations:


	2022(a)		2021(a)
Short-term debt obligations (b)
Current maturities of long-term debt	$	3,096	$	3,872

Commercial paper (0.1% and 0.1%)	—		400
Other borrowings (15.0% and 2.2%)	318		36
	$	3,414	$	4,308
Long-term debt obligations (b)

Notes due 2022 (2.4%)	$	—	$	3,868
Notes due 2023 (1.7% and 1.5%)	3,094		3,019
Notes due 2024 (2.2% and 2.1%)	2,867		2,986
Notes due 2025 (2.7% and 2.7%)	3,193		3,230
Notes due 2026 (3.1% and 3.2%)	2,396		2,450
Notes due 2027 (2.5% and 2.4% )	2,523		2,554
Notes due 2028-2060 (2.8% and 2.6%)	24,652		21,759
Other, due 2022-2028 (1.3% and 1.3%)	28		32
	38,753		39,898
Less: current maturities of long-term debt obligations	3,096		3,872
Total	$	35,657	$	36,026

(a)Amounts are shown net of unamortized net discounts of $227 million and $233 million for 2022 and 2021, respectively.

(b)The interest rates presented reflect weighted-average effective interest rates at year-end. See Note 9 for further information regarding our interest rate derivative instruments.

Schedule of Debt Issuances

In 2022, we issued the following senior notes:


Interest Rate		Maturity Date	Principal Amount(a)
3.200	%	July 2029	£	300	(b)
3.550	%	July 2034	£	450	(b)
3.600	%	February 2028	$	750
3.900	%	July 2032	$	1,250
4.200	%	July 2052	$	500

(a)Excludes debt issuance costs, discounts and premiums.

(b)These notes, issued in British pounds, were designated as net investment hedges to partially offset the effects of foreign currency on our investments in certain of our foreign subsidiaries.