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DEBT AND CREDIT FACILITIES
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
DEBT AND CREDIT FACILITIES DEBT AND CREDIT FACILITIES
The following table summarizes the carrying amount of our borrowings under various financing arrangements:
(in millions)Carrying Amount
Type of BorrowingIssue DateMaturity DateInterest RateMarch 31, 2022December 31, 2021
Senior UnsecuredSeptember 2016March 20221.95%$— $500 
Senior UnsecuredSeptember 2015September 20223.25%1,000 999 
Senior UnsecuredSeptember 2016September 20232.50%749 748 
Senior UnsecuredSeptember 2020September 20230.75%1,497 1,496 
Senior UnsecuredMarch 2014April 20243.70%1,748 1,747 
Senior UnsecuredNovember 2014February 20253.50%1,748 1,747 
Senior UnsecuredSeptember 2015March 20263.65%2,740 2,739 
Senior UnsecuredSeptember 2016March 20272.95%1,247 1,247 
Senior UnsecuredSeptember 2020October 20271.20%746 746 
Senior UnsecuredSeptember 2020October 20301.65%993 993 
Senior UnsecuredSeptember 2015September 20354.60%992 992 
Senior UnsecuredSeptember 2016September 20364.00%742 742 
Senior UnsecuredSeptember 2020October 20402.60%987 987 
Senior UnsecuredDecember 2011December 20415.65%996 996 
Senior UnsecuredMarch 2014April 20444.80%1,736 1,736 
Senior UnsecuredNovember 2014February 20454.50%1,733 1,733 
Senior UnsecuredSeptember 2015March 20464.75%2,220 2,220 
Senior UnsecuredSeptember 2016March 20474.15%1,727 1,727 
Senior UnsecuredSeptember 2020October 20502.80%1,477 1,476 
Total senior unsecured notes 25,076 25,571 
Liability related to the sale of future royalties1,132 1,124 
Total debt, net26,208 26,695 
Less: Current portion of long-term debt and other obligations, net1,025 1,516 
Total Long-term debt, net$25,183 $25,179 
Senior Unsecured Notes
In February 2022, we repaid $500 million of senior unsecured notes prior to the March 2022 maturity by exercising a par call option. No new debt was issued during the three months ended March 31, 2022. We are required to comply with certain covenants under our note indentures governing our senior unsecured notes. As of March 31, 2022, we were not in violation of any covenants.
Revolving Credit Facility
As of March 31, 2022 and December 31, 2021, there were no amounts outstanding under our $2.5 billion revolving credit facility maturing in June 2025, and we were in compliance with all covenants.