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Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of debt, net of discounts and debt issuance costs

The Company’s debt consisted of the following at December 31:

(In millions)						2020						2019
Short-term and current maturities of long-term debt:
Lines of credit						$	144					$	150
Finance lease and other financing obligations						240						137
Total short-term and current maturities of long-term debt						$	384					$	287
Long-term debt:
2.700% senior notes due June 2020						$	—					$	850
4.750% senior notes due June 2021						400						400
3.500% senior notes due October 2022						700						700
3.800% senior notes due October 2023						1,000						1,000
0.375% senior notes due July 2023 (Euro-denominated)						612						559
2.750% senior notes due July 2024						2,000						2,000
3.850% senior notes due June 2025						900						900
2.250% senior notes due July 2025 (British Pound-denominated)						709						687
3.200% senior notes due July 2026						2,000						2,000
2.250% senior notes due June 2027						1,000						—
1.125% senior notes due July 2027 (Euro-denominated)						612						559
4.200% senior notes due October 2028						1,000						1,000
3.500% senior notes due July 2029						3,000						3,000
2.650% senior notes due June 2030						1,000						—
1.625% senior notes due July 2030 (Euro-denominated)						612						559
3.000% senior notes due July 2031 (British Pound-denominated)						709						687
4.400% senior notes due July 2049						2,000						2,000
Receivable securitized loan						425						500
Term loan facility						1,250						3,950
Unamortized discount and deferred financing costs						(155)						(160)
Revolving credit facility						22						174
Finance lease and other financing obligations						504						247
Total long-term debt						$	20,300					$	21,612

Schedule of annual maturities of total debt

Annual maturities of the Company’s total debt were as follows at December 31, 2020:

(In millions)
Year Ending December 31,
2021			$	384
2022			1,323
2023			2,222
2024			3,329
2025			1,643
Thereafter			11,938
Total principal payments			20,839
Unamortized discount and deferred financing costs			(155)
Total debt			$	20,684

Schedule of long-term debt instruments

Such offerings consisted of the following:

(In millions)			Interest Rates						Maturities						Aggregate Principal Amount
U.S. dollar denominated senior notes			2.750% - 4.400%						July 2024 - 2049						$	9,000
Euro denominated senior notes			0.375% - 1.625%						July 2023 - 2030						€	1,500
British Pound denominated senior notes			2.250% - 3.000%						July 2025 - 2031						£	1,050

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