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Borrowings and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Company's Borrowings

The following table is a summary of the Company’s borrowings as of December 31, 2023 and 2022:

In millions			2023						2022
Short-term debt
Commercial paper			$	200					$	—
Long-term debt
2.8% senior notes due June 2023			—						1,300
4% senior notes due December 2023			—						414
3.375% senior notes due August 2024			650						650
2.625% senior notes due August 2024			1,000						1,000
3.5% senior notes due November 2024			750						750
5% senior notes due December 2024 (1)			299						299
4.1% senior notes due March 2025			950						950
3.875% senior notes due July 2025			2,828						2,828
5% senior notes due February 2026			1,500						—
2.875% senior notes due June 2026			1,750						1,750
3% senior notes due August 2026			750						750
3.625% senior notes due April 2027			750						750
6.25% senior notes due June 2027			372						372
1.3% senior notes due August 2027			2,250						2,250
4.3% senior notes due March 2028			5,000						5,000
5% senior notes due January 2029			1,000						—
3.25% senior notes due August 2029			1,750						1,750
5.125% senior notes due February 2030			1,500						—
3.75% senior notes due April 2030			1,500						1,500
1.75% senior notes due August 2030			1,250						1,250
5.25% senior notes due January 2031			750						—
1.875% senior notes due February 2031			1,250						1,250
2.125% senior notes due September 2031			1,000						1,000
5.25% senior notes due February 2033			1,750						—
5.3% senior notes due June 2033			1,250						—
4.875% senior notes due July 2035			652						652
6.625% senior notes due June 2036			771						771
6.75% senior notes due December 2037			533						533
4.78% senior notes due March 2038			5,000						5,000
6.125% senior notes due September 2039			447						447
4.125% senior notes due April 2040			1,000						1,000
2.7% senior notes due August 2040			1,250						1,250
5.75% senior notes due May 2041			133						133
4.5% senior notes due May 2042			500						500
4.125% senior notes due November 2042			500						500
5.3% senior notes due December 2043			750						750
4.75% senior notes due March 2044			375						375
5.125% senior notes due July 2045			3,500						3,500
3.875% senior notes due August 2047			1,000						1,000
5.05% senior notes due March 2048			8,000						8,000
4.25% senior notes due April 2050			750						750
5.625% senior notes due February 2053			1,250						—
5.875% senior notes due June 2053			1,250						—

6% senior notes due June 2063			750						—
Finance lease liabilities			1,391						1,465
Other			309						314
Total debt principal			62,160						52,753
Debt premiums			186						200
Debt discounts and deferred financing costs			(736)						(696)
			61,610						52,257
Less:
Short-term debt (commercial paper)			(200)						—
Current portion of long-term debt			(2,772)						(1,778)
Long-term debt (1)			$	58,638					$	50,479

__________________________________________

(1)Includes long-term debt of $3 million which was accounted for as liabilities held for sale and was included in liabilities held for sale on the consolidated balance sheet at December 31, 2022. See Note 2 ‘‘Acquisitions, Divestitures and Asset Sales’’ for additional information.

Schedule of Maturities of Long-Term Debt

The following is a summary of the Company’s required repayments of long-term debt principal due during each of the next five years and thereafter, as of December 31, 2023:

In millions
2024			$	2,705
2025			3,785
2026			4,008
2027			3,379
2028			5,007
Thereafter			41,685
Subtotal			60,569
Commercial paper			200
Finance lease liabilities (1)			1,391
Total debt principal			$	62,160

_____________________________________________

(1)See Note 7 ‘‘Leases’’ for a summary of maturities of the Company’s finance lease liabilities.

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