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v3.21.1

Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Components of Debt | Debt consisted of the following:
(DOLLARS IN MILLIONS) | Effective Interest Rate |  | March 31, 2021 |  | December 31, 2020
2021 Euro Notes(1) | 0.82 | % |  | $ | 353 |  |  | $ | 368 |
2022 Notes(3) | 0.69 | % |  | 300 |  |  | — |
2023 Notes(1) | 3.30 | % |  | 299 |  |  | 299 |
2024 Euro Notes(1) | 1.88 | % |  | 587 |  |  | 614 |
2025 Notes(3) | 1.22 | % |  | 1,001 |  |  | — |
2026 Euro Notes(1) | 1.93 | % |  | 936 |  |  | 978 |
2027 Notes(3) | 1.56 | % |  | 1,220 |  |  | — |
2028 Notes(1) | 4.57 | % |  | 397 |  |  | 397 |
2030 Notes(3) | 2.21 | % |  | 1,511 |  |  | — |
2040 Notes(3) | 3.04 | % |  | 775 |  |  | — |
2047 Notes(1) | 4.44 | % |  | 494 |  |  | 494 |
2048 Notes(1) | 5.12 | % |  | 786 |  |  | 786 |
2050 Notes(3) | 3.21 | % |  | 1,574 |  |  | — |
2018 Term Loan Facility(1) | 3.65 | % |  | 240 |  |  | 240 |
2022 Term Loan Facility (1) | 1.73 | % |  | 200 |  |  | 199 |
2024 Term Loan Facility(3) | 1.46 | % |  | 625 |  |  | — |
2026 Term Loan Facility(3) | 1.83 | % |  | 625 |  |  | — |
Amortizing Notes(1) | 6.09 | % |  | 24 |  |  | 36 |
Bank overdrafts and other |  |  | 11 |  |  | 2 |
Total debt |  |  | 11,958 |  |  | 4,413 |
Less: Short-term borrowings(2) |  |  | (628) |  |  | (634) |
Total Long-term debt |  |  | $ | 11,330 |  |  | $ | 3,779 |
_______________________ (1)Amount is net of unamortized discount and debt issuance costs. (2)Includes bank borrowings, overdrafts and current portion of long-term debt. (3)Assumed by the Company as part of the N&B Merger.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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