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DEBT AND CREDIT FACILITIES (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Summary of Financing Arrangements | The following table summarizes the carrying amount of our borrowings under various financing arrangements:
(in millions) |  | Carrying Amount
Type of Borrowing |  | Issue Date |  | Maturity Date |  | Interest Rate |  | December 31, 2023 |  | December 31, 2022
Senior Unsecured |  | September 2016 |  | September 2023 |  | 2.50% |  | $ | — |  |  | $ | 749 |
Senior Unsecured |  | September 2020 |  | September 2023 |  | 0.75% |  | — |  |  | 1,498 |
Senior Unsecured |  | March 2014 |  | April 2024 |  | 3.70% |  | 1,750 |  |  | 1,748 |
Senior Unsecured |  | November 2014 |  | February 2025 |  | 3.50% |  | 1,749 |  |  | 1,748 |
Senior Unsecured |  | September 2015 |  | March 2026 |  | 3.65% |  | 2,744 |  |  | 2,742 |
Senior Unsecured |  | September 2016 |  | March 2027 |  | 2.95% |  | 1,248 |  |  | 1,247 |
Senior Unsecured |  | September 2020 |  | October 2027 |  | 1.20% |  | 747 |  |  | 747 |
Senior Unsecured |  | September 2020 |  | October 2030 |  | 1.65% |  | 994 |  |  | 993 |
Senior Unsecured |  | September 2023 |  | October 2033 |  | 5.25% |  | 992 |  |  | — |
Senior Unsecured |  | September 2015 |  | September 2035 |  | 4.60% |  | 993 |  |  | 993 |
Senior Unsecured |  | September 2016 |  | September 2036 |  | 4.00% |  | 743 |  |  | 742 |
Senior Unsecured |  | September 2020 |  | October 2040 |  | 2.60% |  | 988 |  |  | 988 |
Senior Unsecured |  | December 2011 |  | December 2041 |  | 5.65% |  | 996 |  |  | 996 |
Senior Unsecured |  | March 2014 |  | April 2044 |  | 4.80% |  | 1,737 |  |  | 1,736 |
Senior Unsecured |  | November 2014 |  | February 2045 |  | 4.50% |  | 1,734 |  |  | 1,733 |
Senior Unsecured |  | September 2015 |  | March 2046 |  | 4.75% |  | 2,222 |  |  | 2,221 |
Senior Unsecured |  | September 2016 |  | March 2047 |  | 4.15% |  | 1,729 |  |  | 1,728 |
Senior Unsecured |  | September 2020 |  | October 2050 |  | 2.80% |  | 1,478 |  |  | 1,477 |
Senior Unsecured |  | September 2023 |  | October 2053 |  | 5.55% |  | 988 |  |  | — |
Total senior unsecured notes |  | 23,834 |  |  | 24,088 |
Liability related to future royalties |  | 1,153 |  |  | 1,141 |
Total debt, net |  | 24,987 |  |  | 25,229 |
Less: Current portion of long-term debt and other obligations, net |  | 1,798 |  |  | 2,273 |
Total Long-term debt, net |  | $ | 23,189 |  |  | $ | 22,957 |
Summary of Contractual Maturities of Financing Obligations | The following table summarizes the aggregate future principal maturities of our senior unsecured notes as of December 31, 2023:
(in millions) |  | Amount
2024 |  | $ | 1,750 |
2025 |  | 1,750 |
2026 |  | 2,750 |
2027 |  | 2,000 |
2028 |  | — |
Thereafter |  | 15,750 |
Total |  | $ | 24,000 |

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