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Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Summary of financing arrangements

The following table summarizes the carrying amount of our borrowings under various financing arrangements:

(in millions)																								December 31,
Type of Borrowing						Issue Date						Due Date						Interest Rate						2020						2019
Senior Unsecured						November 2014						February 2020						2.35%						$	—					$	500
Senior Unsecured						September 2015						September 2020						2.55%						—						1,999
Senior Unsecured						March 2011						April 2021						4.50%						1,000						998
Senior Unsecured						September 2020						September 2021						3-month LIBOR + 0.15%						499						—
Senior Unsecured						December 2011						December 2021						4.40%						1,249						1,248
Senior Unsecured						September 2016						March 2022						1.95%						499						499
Senior Unsecured						September 2015						September 2022						3.25%						998						998
Senior Unsecured						September 2016						September 2023						2.50%						748						747
Senior Unsecured						September 2020						September 2023						3-month LIBOR + 0.52%						498						—
Senior Unsecured						September 2020						September 2023						0.75%						1,992						—
Term Loan						October 2020						October 2023						variable						998						—
Senior Unsecured						March 2014						April 2024						3.70%						1,746						1,745
Senior Unsecured						November 2014						February 2025						3.50%						1,746						1,746
Senior Unsecured						September 2015						March 2026						3.65%						2,737						2,734
Senior Unsecured						September 2016						March 2027						2.95%						1,246						1,245
Senior Unsecured						September 2020						October 2027						1.20%						745						—
Senior Unsecured						September 2020						October 2030						1.65%						992						—
Senior Unsecured						September 2015						September 2035						4.60%						991						991
Senior Unsecured						September 2016						September 2036						4.00%						741						741
Senior Unsecured						September 2020						October 2040						2.60%						986						—
Senior Unsecured						December 2011						December 2041						5.65%						996						995
Senior Unsecured						March 2014						April 2044						4.80%						1,735						1,734
Senior Unsecured						November 2014						February 2045						4.50%						1,732						1,731
Senior Unsecured						September 2015						March 2046						4.75%						2,219						2,217
Senior Unsecured						September 2016						March 2047						4.15%						1,726						1,725
Senior Unsecured						September 2020						October 2050						2.80%						1,476						—
Total senior unsecured notes and term loan facility																								30,295						24,593
Liability related to future royalties																								1,107						—
Total debt, net																								31,402						24,593
Less: current portion of long-term debt and other obligations, net																								2,757						2,499
Total long-term debt, net																								$	28,645					$	22,094

Schedule of contractual maturities of financing obligations

The following table summarizes the aggregate future principal maturities of our senior unsecured notes and Term Loan Facility as of December 31, 2020:

(in millions)						Amount
2021						$	2,750
2022						1,500
2023						4,250
2024						1,750
2025						1,750
Thereafter						18,500
Total						$	30,500

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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