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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

Long-term debt as of December 31, 2021 and 2020, consists of the following (in millions):

						December 31, 2021
												Weighted
												Average
						Interest						Interest												December 31,
						Rates						Rate (1)						Maturities						2021						2020
Fixed Rate Notes
Senior USD Notes						0.4% - 4.8%						1.8%						2023 - 2048						$	6,909					$	4,938
Senior Euro Notes						0.1% - 3.0%						1.3%						2022 - 2039						7,656						8,891
Senior GBP Notes						1.7% - 3.4%						1.6%						2022 - 2031						1,655						2,526
Senior Euro Floating Rate Notes												N/A						2021						—						613
Revolving Credit Facility (2)												1.4%						2026						325						251
Other (3)																								(103)						46
Total long-term debt, including current portion																								16,442						17,265
Current portion of long-term debt																								(1,617)						(1,314)
Long-term debt, excluding current portion																								$	14,825					$	15,951

(1)The weighted average interest rate includes the impact of interest rate swaps (see Note 13).

(2)Interest on the Revolving Credit Facility is generally payable at LIBOR plus an applicable margin of up to 1.625% plus an unused commitment fee of up to 0.225%, each based upon the Company's corporate credit ratings. The weighted average interest rate on the Revolving Credit Facility excludes fees.

(3)Other includes financing obligations for certain hardware and software, the fair value of interest rate swaps (see Note 13), unamortized non-cash bond discounts and unamortized debt issuance costs.

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2021 and 2020, consist of the following (in millions):

			December 31, 2021
			Weighted
			Average
			Interest												December 31,
			Rate						Maturities						2021						2020
Euro-commercial paper notes ("ECP Notes")			(0.5)		%				Up to 183 days						$	1,723					$	861
U.S. commercial paper notes ("USCP Notes")			0.4		%				Up to 397 days						2,087						1,745
Other															101						144
Total Short-term borrowings															$	3,911					$	2,750

Schedule of Principal Maturities of Debt

The following summarizes the aggregate maturities of our long-term debt, including other financing obligations for certain hardware and software, based on stated contractual maturities, excluding the fair value of the interest rate swaps (see Note 13) and net unamortized non-cash bond discounts of $(126) million as of December 31, 2021 (in millions):

			Total
2022			$	1,620
2023			2,193
2024			1,325
2025			715
2026			1,581
Thereafter			9,237
Total principal payments			16,671
Debt issuance costs, net of accumulated amortization			(103)
Total long-term debt			$	16,568

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