XML 56 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1

DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024						December 31, 2023
Senior Unsecured						March 2014						April 2024						3.70%						—						1,750
Senior Unsecured						November 2014						February 2025						3.50%						1,750						1,749
Senior Unsecured						September 2015						March 2026						3.65%						2,747						2,744
Senior Unsecured						September 2016						March 2027						2.95%						1,249						1,248
Senior Unsecured						September 2020						October 2027						1.20%						748						747
Senior Unsecured						November 2024						November 2029						4.80%						746						—
Senior Unsecured						September 2020						October 2030						1.65%						995						994
Senior Unsecured						September 2023						October 2033						5.25%						993						992
Senior Unsecured						November 2024						June 2035						5.10%						991						—
Senior Unsecured						September 2015						September 2035						4.60%						994						993
Senior Unsecured						September 2016						September 2036						4.00%						744						743
Senior Unsecured						September 2020						October 2040						2.60%						989						988
Senior Unsecured						December 2011						December 2041						5.65%						997						996
Senior Unsecured						March 2014						April 2044						4.80%						1,738						1,737
Senior Unsecured						November 2014						February 2045						4.50%						1,735						1,734
Senior Unsecured						September 2015						March 2046						4.75%						2,224						2,222
Senior Unsecured						September 2016						March 2047						4.15%						1,730						1,729
Senior Unsecured						September 2020						October 2050						2.80%						1,479						1,478
Senior Unsecured						September 2023						October 2053						5.55%						988						988
Senior Unsecured						November 2024						November 2054						5.50%						989						—
Senior Unsecured						November 2024						November 2064						5.60%						738						—
Total senior unsecured notes																								25,562						23,834
Liability related to future royalties																								1,148						1,153
Total debt, net																								26,710						24,987
Less: Current portion of long-term debt, net																								1,815						1,798
Total Long-term debt, net																								$	24,896					$	23,189

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, 2024:

(in millions)						Amount
2025						$	1,750
2026						2,750
2027						2,000
2028						—
2029						750
Thereafter						18,500
Total						$	25,750

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration