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Debt and Borrowing Arrangements - Uncommitted and Committed Credit Lines Available (Details) - USD ($)

3 Months Ended

Apr. 03, 2023

Mar. 03, 2023

Mar. 31, 2023

Mar. 31, 2022

Dec. 31, 2022

Debt Instrument [Line Items]

Amount Outstanding

$ 2,461,000,000

$ 2,299,000,000

Repayments of long-term debt

1,036,000,000

$ 2,306,000,000

Bank loans | Credit Facility Expiring July 29, 2025

Debt Instrument [Line Items]

Facility Amount

^[1],[2]

2,000,000,000

2,000,000,000

Borrowed Amount

^[1],[2]

1,000,000,000

2,000,000,000

Repayments of long-term debt

$ 1,000,000,000

Bank loans | Credit Facility Expiring July 29, 2025 | Subsequent Event

Debt Instrument [Line Items]

Repayments of long-term debt

$ 300,000,000

Bank loans | Credit Facility Expiring February 23, 2027

Debt Instrument [Line Items]

Facility Amount

^[2]

4,500,000,000

4,500,000,000

Borrowed Amount

^[2]

0

0

Bank loans | Multi-year Senior Unsecured Revolving Credit Facility Expiring February 27, 2024 | Revolving Credit Agreement

Debt Instrument [Line Items]

Total shareholders' equity, excluding accumulated other comprehensive earnings/(losses)

39,000,000,000.0

Bank loans | Multi-year Senior Unsecured Revolving Credit Facility Expiring February 27, 2024 | Revolving Credit Agreement | Minimum

Debt Instrument [Line Items]

Total shareholders' equity, excluding accumulated other comprehensive earnings/(losses)

25,000,000,000

Bank loans

Debt Instrument [Line Items]

Amount Outstanding

111,000,000

90,000,000

Bank loans | Uncommitted credit facilities

Debt Instrument [Line Items]

Facility Amount

1,306,000,000

1,335,000,000

Amount Outstanding

111,000,000

90,000,000

Bank loans | Credit Facility Expiring February 22, 2023

Debt Instrument [Line Items]

Facility Amount

^[2]

0

2,500,000,000

Amount Outstanding

^[2]

0

0

Bank loans | Credit Facility Maturing March 11, 2023

Debt Instrument [Line Items]

Facility Amount

^[2]

0

2,000,000,000

Amount Outstanding

^[2]

0

0

Bank loans | Credit Facility Maturing February 21, 2024

Debt Instrument [Line Items]

Facility Amount

^[2]

1,500,000,000

0

Amount Outstanding

^[2]

$ 0

$ 0

[1]

On March 31, 2022, we entered into a supplemental term loan credit facility that can be utilized for general corporate purposes, including acquisitions. Under this agreement, we may draw up to a total of $2.0 billion in term loans from the facility. On July 29, 2022, we drew down $2.0 billion in term loans, due July 29, 2025, bearing interest at a variable annual rate based on SOFR plus an applicable margin. On March 3, 2023, we repaid $1.0 billion in term loans. Subsequently on April 3, 2023, we repaid $0.3 billion.

[2]

We maintain a multi-year senior unsecured revolving credit facility for general corporate purposes, including working capital needs, and to support our commercial paper program. The revolving credit agreement includes a covenant that we maintain a minimum shareholders' equity of at least $25.0 billion, excluding accumulated other comprehensive earnings/(losses), the cumulative effects of any changes in accounting principles and earnings/(losses) recognized in connection with the ongoing application of any mark-to-market accounting for pensions and other retirement plans. At March 31, 2023, we complied with this covenant as our shareholders' equity, as defined by the covenant, was $39.0 billion. The revolving credit facility also contains customary representations, covenants and events of default. There are no credit rating triggers, provisions or other financial covenants that could require us to post collateral as security.

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The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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