XML 51 R34.htm IDEA: XBRL DOCUMENT

Debt (Tables)

12 Months Ended

Dec. 31, 2022

The following table summarizes the major components of debt as of each balance sheet date (in millions) and provides the maturities and interest rate ranges of each major category as of December 31:


	2022		2021
Commercial paper program (weighted average interest rate of 4.9% as of December 31, 2022 and 0.4% as of December 31, 2021)	$	1,730	$	1,778
Senior notes, maturing through 2050, interest rates ranging from 0.75% to 7.75% (weighted average interest rate of 3.2% as of December 31, 2022 and 3.1% as of December 31, 2021)		8,626		8,126
Term Loan maturing May 2024, interest rate of 5.1% as of December 31, 2022		1,000		—
Canadian senior notes, C$500 million maturing September 2026, interest rate of 2.6%		369		395
Tax-exempt bonds, maturing through 2048, fixed and variable interest rates ranging from 0.4% to 4.4% (weighted average interest rate of 2.7% as of December 31, 2022 and 1.4% as of December 31, 2021)		2,648		2,619
Financing leases and other, maturing through 2071, weighted average interest rate of 4.7% as of December 31, 2022 and 4.5% as of December 31, 2021) (a)		699		567
Debt issuance costs, discounts and other		(88)		(80)
		14,984		13,405
Current portion of long-term debt		414		708
Long-term debt, less current portion	$	14,570	$	12,697

(a)	Excluding our landfill financing leases, the maturities of our financing leases and other debt obligations extend through 2059.