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Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

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

						December 31, 2022
												Weighted
												Average
						Interest						Interest												December 31,
						Rates						Rate (1)						Maturities						2022						2021
Fixed Rate Notes
Senior USD Notes						0.4% - 5.6%						3.5%						2023 - 2052						$	9,409					$	6,909
Senior Euro Notes						0.6% - 3.0%						1.5%						2023 - 2039						6,154						7,656
Senior GBP Notes						2.3% - 3.4%						5.9%						2029 - 2031						1,119						1,655
Revolving Credit Facility (2)												5.6%						2026						280						325
Other (3)																								(622)						(103)
Total long-term debt, including current portion																								16,340						16,442
Current portion of long-term debt																								(2,133)						(1,617)
Long-term debt, excluding current portion																								$	14,207					$	14,825

(1)The weighted average interest rate includes the impact of interest rate swaps and excludes the impact of cross-currency 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, 2022 and 2021, consist of the following (in millions):

			December 31, 2022
			Weighted
			Average
			Interest												December 31,
			Rate						Maturities						2022						2021
Euro-commercial paper notes ("ECP Notes")			1.9		%				Up to 183 days						$	2,054					$	1,723
U.S. commercial paper notes ("USCP Notes")			4.6		%				Up to 397 days						1,701						2,087
Other															42						101
Total Short-term borrowings															$	3,797					$	3,911

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 $(615) million as of December 31, 2022 (in millions):

			Total
2023			$	2,135
2024			1,302
2025			1,437
2026			1,542
2027			1,838
Thereafter			8,802
Total principal payments			17,056
Debt issuance costs, net of accumulated amortization			(101)
Total long-term debt			$	16,955

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