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Debt and Credit Facilities | 6 Months Ended
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Jun. 30, 2024
Long-Term Debt, Unclassified [Abstract] |
Debt And Credit Facilities | DEBT AND CREDIT FACILITIES We have lines of credit issued by various financial institutions that are available to fund our day-to-day operating needs. Certain of our credit facilities require us to comply with financial and other covenants. We were in compliance with all covenants on June 30, 2024. On June 30, 2024 there were no borrowings outstanding under our revolving credit facility or our commercial paper program which allows for maturities up to 397 days from the date of issuance. The maximum amount of our commercial paper that can be outstanding at any time is $2,250. In May 2024 we repaid the outstanding $600 principal amount of the 3.375% senior unsecured notes due May 15, 2024.
Summary of Total Debt | June 30 |  | December 31
2024 |  | 2023
| Rate |  | Due |  |  |
Senior unsecured notes: |  |  |
| 3.375% |  | May 15, 2024 | $ | — |  |  | $ | 600 |
| Floating |  | November 16, 2024 | 536 |  |  | 554 |
| 0.250% |  | December 3, 2024 | 910 |  |  | 940 |
| 1.150% |  | June 15, 2025 | 649 |  |  | 648 |
| 3.375% |  | November 1, 2025 | 749 |  |  | 749 |
| 3.500% |  | March 15, 2026 | 997 |  |  | 997 |
| 2.125% |  | November 30, 2027 | 801 |  |  | 828 |
| 3.650% |  | March 7, 2028 | 598 |  |  | 598 |
| 4.850% |  | December 8, 2028 | 595 |  |  | 596 |
| 3.375% |  | December 11, 2028 | 640 |  |  | 661 |
| 0.750% |  | March 1, 2029 | 854 |  |  | 883 |
| 1.950% |  | June 15, 2030 | 993 |  |  | 991 |
| 2.625% |  | November 30, 2030 | 690 |  |  | 713 |
| 1.000% |  | December 3, 2031 | 796 |  |  | 823 |
| 4.100% |  | April 1, 2043 | 393 |  |  | 393 |
| 4.375% |  | May 15, 2044 | 396 |  |  | 396 |
| 4.625% |  | March 15, 2046 | 983 |  |  | 983 |
| 2.900% |  | June 15, 2050 | 642 |  |  | 642 |
Total debt | $ | 12,222 |  |  | $ | 12,995 |
Less current maturities | 2,095 |  |  | 2,094 |
Total long-term debt | $ | 10,127 |  |  | $ | 10,901 |
|  |  |  | June 30 |  | December 31
| 2024 |  | 2023
Unamortized debt issuance costs | $ | 32 |  |  | $ | 50 |
Borrowing capacity on existing facilities | $ | 2,159 |  |  | $ | 2,160 |
Fair value of senior unsecured notes | $ | 11,253 |  |  | $ | 12,252 |
The fair value of the senior unsecured notes was estimated using quoted interest rates, maturities and amounts of borrowings based on quoted active market prices and yields that took into account the underlying terms of the debt instruments. Substantially all of our debt is classified within Level 2 of the fair value hierarchy.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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