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Debt and Credit Facilities | 9 Months Ended
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Sep. 30, 2025
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 September 30, 2025. In February 2025 we entered into a new revolving credit agreement that replaces our previous agreement dated October 2021. The primary changes included increasing the aggregate principal amount of the facility by $750 to $3,000 and extending the maturity date to February 25, 2030. On September 30, 2025 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 $3,000. In February 2025 we issued $500 of 4.550% senior unsecured notes due February 10, 2027, $700 of 4.700% senior unsecured notes due February 10, 2028, $800 of 4.850% senior unsecured notes due February 10, 2030 and $1,000 of 5.200% senior unsecured notes due February 10, 2035. In June 2025 we repaid $650 of 1.150% senior unsecured notes.
Summary of Total Debt |  |  |
|  |  |  | September 30 |  | December 31
| Rate |  | Due | 2025 |  | 2024
Senior unsecured notes: |  |  |
| 1.150% |  | June 15, 2025 | $— |  | $649
| 3.375% |  | November 1, 2025 | 750 |  | 750
| 3.500% |  | March 15, 2026 | 999 |  | 998
| 4.550% |  | February 10, 2027 | 498 |  | —
| 2.125% |  | November 30, 2027 | 879 |  | 777
| 4.700% |  | February 10, 2028 | 696 |  | —
| 3.650% |  | March 7, 2028 | 599 |  | 598
| 4.850% |  | December 8, 2028 | 596 |  | 596
| 3.375% |  | December 11, 2028 | 703 |  | 621
| 0.750% |  | March 1, 2029 | 937 |  | 828
| 4.250% |  | September 11, 2029 | 744 |  | 743
| 4.850% |  | February 10, 2030 | 793 |  | —
| 1.950% |  | June 15, 2030 | 994 |  | 993
| 2.625% |  | November 30, 2030 | 758 |  | 669
| 1.000% |  | December 3, 2031 | 875 |  | 772
| 3.375% |  | September 11, 2032 | 932 |  | 824
| 4.625% |  | September 11, 2034 | 741 |  | 740
| 5.200% |  | February 10, 2035 | 990 |  | —
| 3.625% |  | September 11, 2036 | 694 |  | 613
| 4.100% |  | April 1, 2043 | 393 |  | 393
| 4.375% |  | May 15, 2044 | 396 |  | 396
| 4.625% |  | March 15, 2046 | 984 |  | 984
| 2.900% |  | June 15, 2050 | 643 |  | 643
Other | 1 |  | 10
Total debt | $16,595 |  | $13,597
Less current maturities | 1,750 |  | 1,409
Total long-term debt | $14,845 |  | $12,188
|  |  |  | September 30 |  | December 31
| 2025 |  | 2024
Unamortized debt issuance costs | $74 |  | $63
Borrowing capacity on existing facilities | $2,913 |  | $2,160
Fair value of senior unsecured notes | $16,077 |  | $12,780
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. Interest expense on outstanding debt and credit facilities, including required fees incurred, that were included in other income (expense), net, totaled $157 and $98 for the three months 2025 and 2024 and $453 and $292 for the nine months 2025 and 2024.

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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 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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