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Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt as of June 30, 2025, and December 31, 2024, consisted of the following (in millions):

						June 30, 2025
												Weighted
												Average
						Interest						Interest												June 30,						December 31,
						Rates						Rate (1)						Maturities						2025						2024
Fixed Rate Notes
Senior USD Notes						1.2% - 5.6%						3.7%						2025 - 2052						$	6,381					$	6,381
Senior Euro Notes						0.6% - 3.0%						2.6%						2025 - 2039						4,697						4,154
Senior GBP Notes						2.3% - 3.4%						6.7%						2029 - 2031						234						214
Revolving Credit Facility (2)												5.6%						2029						22						151
Financing arrangements																		2025 - 2029						139						66
Other (3)																								(287)						(312)
Total long-term debt, including current portion																								11,186						10,654
Current portion of long-term debt																								(2,318)						(968)
Long-term debt, excluding current portion																								$	8,868					$	9,686

(1)The weighted average interest rate includes the impact of the fair value basis adjustments due to interest rate swaps and the impact of cross-currency interest rate swaps designated as fair value hedges and excludes the impact of cross-currency interest rate swaps designated as net investment hedges (see Note 9). The impact of the included fair value basis adjustments and cross-currency interest rate swaps in certain cases results in an effective weighted average interest rate being outside the stated interest rate range on the fixed rate notes.

(2)Interest on the Revolving Credit Facility is generally payable at Secured Overnight Financing Rate ("SOFR") plus a spread of 0.100% plus an applicable margin of up to 1.625% and an unused commitment fee of up to 0.200%, each based upon the Company's corporate credit ratings. The weighted average interest rate on the Revolving Credit Facility excludes fees.

(3)Other includes the amount of fair value basis adjustments due to interest rate swaps (see further discussion below in Note 9), unamortized debt issuance costs and unamortized non-cash bond discounts.

Schedule of Short-Term Debt

Short-term borrowings as of June 30, 2025, and December 31, 2024, consisted of the following (in millions):

						June 30, 2025
						Weighted
						Average
						Interest												June 30,						December 31,
						Rate						Maturities						2025						2024
Euro-commercial paper notes ("ECP Notes")						2.2		%				Up to 183 days						$	117					$	104
U.S. commercial paper notes ("USCP Notes")						4.7		%				Up to 397 days						1,602						532
Total Short-term borrowings																		$	1,719					$	636

Schedule of Principal Maturities of Long-Term Debt

The following table summarizes the amount of our long-term debt, including financing arrangements for certain hardware and software, as of June 30, 2025, based on maturity date.

						Total
2025						$	1,048
2026						1,292
2027						1,723
2028						1,732
2029						576
Thereafter						5,102
Total principal payments						11,473
Other debt per the long-term debt table						(287)
Total long-term debt, including current portion						$	11,186

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