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Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Debt consists of the following (in millions):
Weighted Average Rate (1)
Maturities ThroughAs of June 30, 2025As of December 31, 2024
Fixed rate debt:
Unsecured senior notes
5.59%
2026 - 2033$9,699 $9,699 
Unsecured term loans
3.25%
2027 - 20367,332 7,687 
Convertible notes
6.00%
2025106 322 
Total fixed rate debt17,137 17,708 
Variable rate debt:
Unsecured revolving credit facilities (2)
—%
2028 / 2030— 340 
USD unsecured term loans
5.67%
2026 - 20372,046 2,227 
Euro unsecured term loan
3.28%
2028205 212 
Total variable rate debt2,251 2,779 
Finance lease liabilities115 117 
Total debt (3)
19,503 20,604 
Less: unamortized debt issuance costs(489)(528)
Total debt, net of unamortized debt issuance costs19,014 20,076 
Less—current portion (1,402)(1,603)
Long-term portion$17,612 $18,473 
(1) Weighted average interest rates are based on outstanding loan balance as of June 30, 2025, and for variable rate debt include either EURIBOR or Term SOFR plus the applicable margin.
(2) Advances under our unsecured revolving credit facilities accrue interest at Term SOFR plus an interest rate margin of 1.10%. Based on applicable Term SOFR rates, as of June 30, 2025, the interest rate under the unsecured credit facilities was 5.42%. We also pay a facility fee of 0.15% of the total commitments under such facility.
(3) At June 30, 2025 and December 31, 2024, the weighted average interest rate for total debt was 4.64% and 5.03%, respectively.
Schedule of Maturities of Long-Term Debt
The following is a schedule of annual maturities on our total debt, including finance leases, as of June 30, 2025 for each of the next five years (in millions):
Year
As of June 30, 2025 (1)
Remainder of 2025$755 
20262,943 
20272,603 
20283,085 
20291,006 
Thereafter9,111 
$19,503 
(1)    Debt denominated in other currencies is calculated based on the applicable exchange rate at June 30, 2025.