Debt (Tables)

3 Months Ended

Mar. 31, 2024

The following table summarizes the carrying value of our outstanding debt as of the dates indicated (in millions, except percentages):


	Coupon Rate		March 31, 2024		Effective Interest Rate		December 31, 2023		Effective Interest Rate
Long-Term Debt



Senior Notes:
Senior notes due 2024	3.450	%	$	750	3.531	%	$	750	3.531	%
Senior notes due 2025	1.900	%	800		1.803	%	800		1.803	%
Senior notes due 2025	5.900	%	425		6.036	%	425		6.036	%
Senior notes due 2026	1.400	%	750		1.252	%	750		1.252	%
Senior notes due 2027	3.600	%	850		3.689	%	850		3.689	%
Senior notes due 2027	5.950	%	300		6.064	%	300		6.064	%
Senior notes due 2030	2.700	%	950		2.623	%	950		2.623	%
Senior notes due 2031	2.600	%	750		2.186	%	750		2.186	%
Senior notes due 2032	6.300	%	425		6.371	%	425		6.371	%
Senior notes due 2042	4.000	%	750		4.114	%	750		4.114	%
Senior notes due 2051	3.650	%	1,000		2.517	%	1,000		2.517	%

Total senior notes			7,750				7,750
Hedge accounting fair value adjustments (1)			1				2
Unamortized premium/(discount) and debt issuance costs			(27)				(29)

Less: Current portion of long-term debt			(1,550)				(750)
Total long-term debt			6,174				6,973

Short-Term Debt
Current portion of long-term debt			1,550				750


Unamortized premium/(discount) and debt issuance costs			1				—

Total short-term debt			1,551				750
Total Debt			$	7,725			$	7,723

(1) Includes the fair value adjustments to debt associated with terminated interest rate swaps which are being recorded as a reduction to interest expense over the remaining term of the related notes.