BORROWINGS AND LINES OF CREDIT (Tables)

6 Months Ended

Jun. 30, 2024

Long-term debt consisted of the following:


(In millions)	June 30, 2024		December 31, 2023
2.242% Notes due 2025 (1)	$	1,200	$	1,200
4.375% Notes due 2025 (2)	801		830
5.800% Notes due 2025	—		1,000
2.493% Notes due 2027	900		900
4.125% Notes due 2028	801		830
2.722% Notes due 2030	2,000		2,000
2.700% Notes due 2031	750		750
4.500% Notes due 2032	908		941
5.900% Notes due 2034	1,000		1,000
3.377% Notes due 2040	1,500		1,500
3.577% Notes due 2050	2,000		2,000
6.200% Notes due 2054	1,000		1,000
Total long-term notes	12,860		13,951

Japanese Term Loan Facility	337		379
Other debt (including project financing obligations and finance leases)	220		74
Discounts and debt issuance costs	(95)		(111)
Total debt	13,322		14,293
Less: current portion of long-term debt	2,052		51
Long-term debt, net of current portion	$	11,270	$	14,242

(1) 2.242% Notes due February 15, 2025; reclassified to Current portion of long-term debt.

(2) 4.375% Notes due May 29, 2025; reclassified to Current portion of long-term debt.

- Definition

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.

+ References

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+ Details