Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Our long-term debt consisted of the following at December 31:


(in millions)	2023		2022
USD notes, 2.350% to 10.200%, interest payable semi-annually, due through 2061 (1)	$	22,888	$	22,098
USD debenture, 7.75%, interest payable semi-annually, due 2027	42		42
Euro notes, 1.700% to 3.125%, interest payable annually, due through 2031 (2)	3,303		4,540
	26,233		26,680
Less current portion of long-term debt	1,121		1,556
	$	25,112	$	25,124

(1) Weighted-average coupon interest rate of 4.5% and 4.4% at December 31, 2023 and 2022, respectively.

(2) Weighted-average coupon interest rate of 2.5% and 2.0% at December 31, 2023 and 2022, respectively.

At December 31, 2023, our outstanding long-term debt consisted of the following:

(in millions)

Type

Face Value

Interest Rate

Issuance

Maturity

USD notes

$776

4.000%

October 2013

January 2024

USD notes

$345

3.800%

February 2019

February 2024

USD notes

$750

2.350%

May 2020

May 2025

Euro notes

€750

1.700%

February 2019

June 2025

USD notes

$1,069

4.400%

February 2019

February 2026

USD notes

$500

2.625%

September 2016

September 2026

USD debenture

$42

7.750%

January 1997

January 2027

Euro notes

€1,000

2.200%

February 2019

June 2027

USD notes

$500

6.200%

November 2023

November 2028

USD notes

$1,906

4.800%

February 2019

February 2029

USD notes

$750

3.400%

May 2020

May 2030

Euro notes

€1,250

3.125%

February 2019

June 2031

USD notes

$1,750

2.450%

February 2021

February 2032

USD notes

$500

6.875%

November 2023

November 2033

USD notes

$177

9.950%

November 2008

November 2038

USD notes

$208

10.200%

February 2009

February 2039

USD notes

$2,000

5.800%

February 2019

February 2039

USD notes

$1,500

3.400%

February 2021

February 2041

USD notes

$900

4.250%

August 2012

August 2042

USD notes

$650

4.500%

May 2013

May 2043

USD notes

$1,800

5.375%

October 2013

January 2044

USD notes

$1,500

3.875%

September 2016

September 2046

USD notes

$2,500

5.950%

February 2019

February 2049

USD notes

$500

4.450%

May 2020

May 2050

USD notes

$1,250

3.700%

February 2021

February 2051

USD notes

$271

6.200%

February 2019

February 2059

USD notes

$1,000

4.000%

February 2021

February 2061

Aggregate Maturities of Long-Term Debt

At December 31, 2023, aggregate maturities of our long-term debt were as follows:


(in millions)		Aggregate Maturities
2024		$	1,121
2025		1,578
2026		1,569
2027		1,146
2028		500
Thereafter		20,542
		26,456
Less:	debt issuance costs	142
	debt discounts	81
		$	26,233

- 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.

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+ Details