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Debt and Borrowing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Short-Term Borrowings and Related Weighted-Average Interest Rates | Our short-term borrowings and related weighted-average interest rates consisted of:
| As of December 31,
| 2019 |  | 2018
| Amount Outstanding |  | Weighted- Average Rate |  | Amount Outstanding |  | Weighted- Average Rate
| (in millions) |  |  |  | (in millions) |  |
Commercial paper | $ | 2,581 |  |  | 2.0 | % |  | $ | 3,054 |  |  | 2.9 | %
Bank loans | 57 |  |  | 5.2 | % |  | 138 |  |  | 10.5 | %
Total short-term borrowings | $ | 2,638 |  |  |  |  | $ | 3,192 |  |  |
Schedule of Long-Term Debt | Our long-term debt consisted of (interest rates are as of December 31, 2019):
| As of December 31,
| 2019 |  | 2018
| (in millions)
U.S. dollar notes, 0.163% to 7.000% (weighted-average effective rate 3.107%), due through 2048 | $ | 9,442 |  |  | $ | 9,492 |
Euro notes, 0.875% to 2.375% (weighted-average effective rate 1.696%), due through 2035 | 3,968 |  |  | 3,492 |
Pound sterling notes, 3.875% to 4.500% (weighted-average effective rate 4.151%), due through 2045 | 346 |  |  | 333 |
Swiss franc notes, 0.050% to 1.125% (weighted-average effective rate 0.703%), due through 2025 | 1,449 |  |  | 1,424 |
Canadian dollar notes, 3.250% (effective rate 3.320%), due through 2025 | 460 |  |  | 437 |
Finance leases and other obligations | 123 |  |  | 2 |
Total | 15,788 |  |  | 15,180 |
Less current portion of long-term debt | (1,581 | ) |  | (2,648 | )
Long-term debt | $ | 14,207 |  |  | $ | 12,532 |
Schedule of Aggregate Maturities of Debt and Capital Leases Based on Stated Contractual Maturities | As of December 31, 2019, aggregate maturities of our debt and finance leases based on stated contractual maturities, excluding unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments of $(76) million and imputed interest on finance leases of $(11) million, were (in millions):
2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter |  | Total
$1,587 |  | $3,356 |  | $1,739 |  | $1,824 |  | $1,834 |  | $5,535 |  | $15,875
Schedule of Interest and Other Expense Net Within Results of Continuing Operations | Interest and other expense, net within our results of continuing operations consisted of:
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| (in millions)
Interest expense, debt | $ | 484 |  |  | $ | 462 |  |  | $ | 396 |
Loss on debt extinguishment and related expenses | — |  |  | 140 |  |  | 11 |
Loss/(gain) related to interest rate swaps | 111 |  |  | (10 | ) |  | — |
Other (income)/expense, net | (139 | ) |  | (72 | ) |  | (25 | )
Interest and other expense, net | $ | 456 |  |  | $ | 520 |  |  | $ | 382 |

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