XML 55 R36.htm IDEA: XBRL DOCUMENT v3.24.0.1
DEBT AND CREDIT FACILITIES (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Debt Outstanding
At December 31, 2023 and 2022, we had the following debt outstanding:
as of December 31 (in millions)Effective interest rate in 2023¹
20231
20221
Commercial paper— %$— $299 
0.868% notes due 2023
— %— 799 
Floating-rate notes due 2023— %— 299 
0.4% notes due 2024
0.3 %828 799 
1.322% notes due 2024
1.5 %1,398 1,395 
7.0% notes due 2024
7.0 %13 13 
Floating-rate notes due 20245.7 %300 299 
Term loan maturing 20246.9 %130 1,664 
1.3% notes due 2025
1.1 %662 640 
2.6% notes due 2026
2.7 %748 748 
Term loan maturing 20266.5 %1,643 1,643 
7.65% debentures due 2027
8.3 %5 5 
1.915% notes due 2027
2.0 %1,445 1,443 
6.625% debentures due 2028
5.7 %95 96 
2.272% notes due 2028
2.4 %1,244 1,242 
1.3% notes due 2029
1.4 %828 792 
3.95% notes due 2030
4.1 %496 496 
1.73% notes due 2031
2.7 %646 645 
2.539% notes due 2032
2.6 %1,540 1,538 
6.25% notes due 2037
6.4 %265 265 
3.65% notes due 2042
3.8 %6 7 
4.5% notes due 2043
4.6 %256 256 
3.5% notes due 2046
3.7 %440 441 
3.132% notes due 2051
3.2 %741 742 
Finance leases and other9.1 %69 70 
Total debt and finance lease obligations13,798 16,636 
Short-term debt — (299)
Current maturities of long-term debt and finance lease obligations(2,668)(1,105)
Long-term debt and finance lease obligations$11,130 $15,232 
1Book values include any discounts, premiums and adjustments related to hedging instruments and effective interest rates reflect amortization of those items.
Future Debt Maturities
Future Debt and Finance Lease Maturities
as of and for the years ended December 31 (in millions)Debt maturities
2024$2,677 
2025668 
20262,401 
20271,460 
20281,347 
Thereafter5,302 
Total debt and finance lease maturities13,855 
Discounts, premiums, and adjustments relating to hedging instruments(57)
Total debt and finance lease obligations$13,798