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Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt as of September 30, 2022, and December 31, 2021, consisted of the following (in millions):

						September 30, 2022
												Weighted
												Average
						Interest						Interest												September 30,						December 31,
						Rates						Rate (1)						Maturities						2022						2021
Fixed Rate Notes
Senior USD Notes						0.4% - 5.6%						3.2%						2023 - 2052						$	9,409					$	6,909
Senior Euro Notes						0.1% - 3.0%						1.2%						2022 - 2039						6,614						7,656
Senior GBP Notes						2.3% - 3.4%						4.2%						2029 - 2031						1,030						1,655
Revolving Credit Facility (2)												4.3%						2026						164						325
Other (3)																								(723)						(103)
Total long-term debt, including current portion																								16,494						16,442
Current portion of long-term debt																								(2,985)						(1,617)
Long-term debt, excluding current portion																								$	13,509					$	14,825

(1)The weighted average interest rate includes the impact of interest rate swaps (see Note 7).

(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 7), unamortized non-cash bond discounts and unamortized debt issuance costs.

Schedule of Short-Term Debt

Short-term borrowings as of September 30, 2022, and December 31, 2021, consisted of the following (in millions):

						September 30, 2022
						Weighted
						Average
						Interest												September 30,						December 31,
						Rate						Maturities						2022						2021
Euro-commercial paper notes ("ECP Notes")						0.8		%				Up to 183 days						$	1,488					$	1,723
U.S. commercial paper notes ("USCP Notes")						3.5		%				Up to 397 days						934						2,087
Other																		—						101
Total Short-term borrowings																		$	2,422					$	3,911

Schedule of Principal Maturities of Long-Term 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 7) and net unamortized non-cash bond discounts of $(678) million as of September 30, 2022 (in millions):

						Total
2022 remaining period						$	989
2023						2,010
2024						1,996
2025						618
2026						1,420
Thereafter						10,246
Total principal payments						17,279
Debt issuance costs, net of accumulated amortization						(107)
Total long-term debt						$	17,172

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