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DEBT AND FINANCING ARRANGEMENTS (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The carrying value of our outstanding debt obligations as of March 31, 2024 and December 31, 2023 consisted of the following (in millions):
| Principal Amount |  |  |  | Carrying Value |  |  |  |  |  |  |  |
|  | Maturity |  | 2024 |  | 2023 |  |  |  |  |  |  |  |
Commercial paper | $ | — |  |  |  |  | $ | — |  |  | $ | 2,172 |  |  |  |  |  |  |  |  |
Fixed-rate senior notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2.800% senior notes | 500 |  |  | 2024 |  | 500 |  |  | 499 |  |  |  |  |  |  |  |  |
2.200% senior notes | 400 |  |  | 2024 |  | 400 |  |  | 400 |  |  |  |  |  |  |  |  |
3.900% senior notes | 1,000 |  |  | 2025 |  | 999 |  |  | 999 |  |  |  |  |  |  |  |  |
2.400% senior notes | 500 |  |  | 2026 |  | 499 |  |  | 499 |  |  |  |  |  |  |  |  |
3.050% senior notes | 1,000 |  |  | 2027 |  | 996 |  |  | 996 |  |  |  |  |  |  |  |  |
3.400% senior notes | 750 |  |  | 2029 |  | 747 |  |  | 747 |  |  |  |  |  |  |  |  |
2.500% senior notes | 400 |  |  | 2029 |  | 398 |  |  | 398 |  |  |  |  |  |  |  |  |
4.450% senior notes | 750 |  |  | 2030 |  | 745 |  |  | 745 |  |  |  |  |  |  |  |  |
4.875% senior notes | 900 |  |  | 2033 |  | 895 |  |  | 894 |  |  |  |  |  |  |  |  |
6.200% senior notes | 1,500 |  |  | 2038 |  | 1,485 |  |  | 1,485 |  |  |  |  |  |  |  |  |
5.200% senior notes | 500 |  |  | 2040 |  | 494 |  |  | 494 |  |  |  |  |  |  |  |  |
4.875% senior notes | 500 |  |  | 2040 |  | 491 |  |  | 491 |  |  |  |  |  |  |  |  |
3.625% senior notes | 375 |  |  | 2042 |  | 369 |  |  | 369 |  |  |  |  |  |  |  |  |
3.400% senior notes | 500 |  |  | 2046 |  | 492 |  |  | 492 |  |  |  |  |  |  |  |  |
3.750% senior notes | 1,150 |  |  | 2047 |  | 1,138 |  |  | 1,138 |  |  |  |  |  |  |  |  |
4.250% senior notes | 750 |  |  | 2049 |  | 743 |  |  | 743 |  |  |  |  |  |  |  |  |
3.400% senior notes | 700 |  |  | 2049 |  | 689 |  |  | 689 |  |  |  |  |  |  |  |  |
5.300% senior notes | 1,250 |  |  | 2050 |  | 1,232 |  |  | 1,232 |  |  |  |  |  |  |  |  |
5.050% senior notes | 1,100 |  |  | 2053 |  | 1,083 |  |  | 1,083 |  |  |  |  |  |  |  |  |
Floating-rate senior notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Floating-rate senior notes | 1,562 |  |  | 2049-2073 |  | 1,544 |  |  | 1,545 |  |  |  |  |  |  |  |  |
Debentures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
7.620% debentures | 276 |  |  | 2030 |  | 280 |  |  | 280 |  |  |  |  |  |  |  |  |
Pound Sterling notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
5.500% notes | 84 |  |  | 2031 |  | 83 |  |  | 84 |  |  |  |  |  |  |  |  |
5.125% notes | 574 |  |  | 2050 |  | 546 |  |  | 550 |  |  |  |  |  |  |  |  |
Euro senior notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1.625% senior notes | 755 |  |  | 2025 |  | 754 |  |  | 774 |  |  |  |  |  |  |  |  |
1.000% senior notes | 539 |  |  | 2028 |  | 537 |  |  | 551 |  |  |  |  |  |  |  |  |
1.500% senior notes | 539 |  |  | 2032 |  | 537 |  |  | 551 |  |  |  |  |  |  |  |  |
Canadian senior notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2.125% senior notes | 554 |  |  | 2024 |  | 554 |  |  | 566 |  |  |  |  |  |  |  |  |
Finance lease obligations (see note 10) | 460 |  |  | 2024-2046 |  | 460 |  |  | 472 |  |  |  |  |  |  |  |  |
Facility notes and bonds | 320 |  |  | 2029-2045 |  | 320 |  |  | 320 |  |  |  |  |  |  |  |  |
Other debt | 3 |  |  | 2024-2025 |  | 3 |  |  | 6 |  |  |  |  |  |  |  |  |
Total debt | $ | 20,191 |  |  |  |  | 20,013 |  |  | 22,264 |  |  |  |  |  |  |  |  |
Less: current maturities |  |  |  |  | (1,164) |  |  | (3,348) |  |  |  |  |  |  |  |  |
Long-term debt |  |  |  |  | $ | 18,849 |  |  | $ | 18,916 |  |  |  |  |  |  |  |  |

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