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DEBT AND FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The carrying value of our outstanding debt obligations as of September 30, 2021 and December 31, 2020 consists of the following (in millions):

			Principal Amount												Carrying Value
									Maturity						2021						2020
Commercial paper			$	—											$	—					$	15
Fixed-rate senior notes:
3.125% senior notes			—						2021						—						1,507
2.050% senior notes			—						2021						—						700
2.450% senior notes			1,000						2022						1,016						1,028
2.350% senior notes			600						2022						600						599
2.500% senior notes			1,000						2023						998						997
2.800% senior notes			500						2024						498						498
2.200% senior notes			400						2024						399						398
3.900% senior notes			1,000						2025						996						995
2.400% senior notes			500						2026						498						498
3.050% senior notes			1,000						2027						994						993
3.400% senior notes			750						2029						746						746
2.500% senior notes			400						2029						397						397
4.450% senior notes			750						2030						743						743
6.200% senior notes			1,500						2038						1,484						1,483
5.200% senior notes			500						2040						494						493
4.875% senior notes			500						2040						491						490
3.625% senior notes			375						2042						368						368
3.400% senior notes			500						2046						492						491
3.750% senior notes			1,150						2047						1,137						1,137
4.250% senior notes			750						2049						743						742
3.400% senior notes			700						2049						688						688
5.300% senior notes			1,250						2050						1,231						1,231
Floating-rate senior notes:
Floating-rate senior notes			—						2021						—						350
Floating-rate senior notes			400						2022						400						399
Floating-rate senior notes			500						2023						500						499
Floating-rate senior notes			1,039						2049-2067						1,027						1,027
Debentures:
7.620% debentures(1)			276						2030						280						281
Pound Sterling Notes:
5.500% notes			89						2031						88						90
5.125% notes			612						2050						581						586
Euro Senior Notes:
0.375% senior notes			811						2023						808						857
1.625% senior notes			811						2025						807						856
1.000% senior notes			579						2028						576						611
1.500% senior notes			579						2032						575						611
Canadian senior notes:
2.125% senior notes			588						2024						586						583
Finance lease obligations			542						2021-2062						542						342
Facility notes and bonds			320						2029-2045						320						320
Other debt			3						2021-2025						3						5
Total debt			$	22,274											22,106						24,654
Less: current maturities															(1,268)						(2,623)
Long-term debt															$	20,838					$	22,031

(1) On April 1, 2020, the interest rate on these debentures decreased from 8.375% to 7.620% for the remaining 10 years until maturity.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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