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Debt - Summary of Outstanding Debt (Details) € in Millions, $ in Millions | 1 Months Ended | 3 Months Ended
--- | --- | ---
Mar. 31, 2024 USD ($) | Feb. 29, 2024 EUR (€) | Dec. 31, 2023 USD ($) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 USD ($)
SHORT-TERM |  |  |  |  |
Commercial paper | $ 3,784 |  | $ 4,483 | $ 3,784 |
Other borrowings (primarily non U.S.) | 262 |  | 230 | 262 |
Total short-term debt | 4,046 |  | 4,713 | 4,046 |
LONG-TERM |  |  |  |  |
Carrying value of long-term debt including current portion | 16,273 |  | 14,660 | 16,273 |
Less: current portion of long-term debt | (1,046) |  | (1,263) | (1,046) |
Total long-term debt | 15,227 |  | 13,397 | 15,227 |
Total debt | 20,319 |  | 19,373 | 20,319 |
Repayments of notes |  |  |  | 610 | $ 542
Derivatives Designated as Hedging Instruments - Fair Value | Interest rate swaps | Derivatives Designated as Hedging Instruments: |  |  |  |  |
LONG-TERM |  |  |  |  |
Fair value increase | 41 |  | $ 46 |  |
1.20% Euro denominated notes due 2024 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate |  | 1.20% | 1.20% |  |
Carrying value of long-term debt including current portion | $ 0 |  | $ 607 | $ 0 |
Repayments of notes | € |  | € 550 |  |  |
1.875% Euro denominated notes due 2024 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.875% |  |  | 1.875% |
Carrying value of long-term debt including current portion | $ 324 |  | 332 | $ 324 |
4.800% Notes due 2024 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 4.80% |  |  | 4.80% |
Carrying value of long-term debt including current portion | $ 300 |  | 300 | $ 300 |
4.700% Notes due 2025 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 4.70% |  |  | 4.70% |
Carrying value of long-term debt including current portion | $ 599 |  | 599 | $ 599 |
2.65% Notes due 2025 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 2.65% |  |  | 2.65% |
Carrying value of long-term debt including current portion | $ 399 |  | 399 | $ 399 |
1.625% Euro denominated notes due 2025 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.625% |  |  | 1.625% |
Carrying value of long-term debt including current portion | $ 537 |  | 550 | $ 537 |
3.625% Euro denominated notes due 2025 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.625% |  |  | 3.625% |
Carrying value of long-term debt including current portion | $ 539 |  | 551 | $ 539 |
0.00% Euro denominated notes due 2026 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 0.00% |  |  | 0.00% |
Carrying value of long-term debt including current portion | $ 757 |  | 774 | $ 757 |
3.20% Notes due 2026 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.20% |  |  | 3.20% |
Carrying value of long-term debt including current portion | $ 724 |  | 724 | $ 724 |
3.434% Notes due 2026 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.434% |  |  | 3.434% |
Carrying value of long-term debt including current portion | $ 198 |  | 198 | $ 198 |
1.652% Euro denominated notes due 2027 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.652% |  |  | 1.652% |
Carrying value of long-term debt including current portion | $ 87 |  | 90 | $ 87 |
0.25% Euro denominated notes due 2027 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 0.25% |  |  | 0.25% |
Carrying value of long-term debt including current portion | $ 808 |  | 827 | $ 808 |
1.00% Euro denominated notes due 2027 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.00% |  |  | 1.00% |
Carrying value of long-term debt including current portion | $ 541 |  | 553 | $ 541 |
1.00% Euro denominated notes due 2028 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.00% |  |  | 1.00% |
Carrying value of long-term debt including current portion | $ 765 |  | 780 | $ 765 |
3.00% Euro denominated notes due 2028 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.00% | 3.00% |  | 3.00% |
Carrying value of long-term debt including current portion | $ 752 |  | 0 | $ 752 |
Face amount of notes issued | € |  | € 700 |  |  |
3.375% Euro denominated notes due 2029 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.375% |  |  | 3.375% |
Carrying value of long-term debt including current portion | $ 805 |  | 824 | $ 805 |
1.10% Notes due 2030 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.10% |  |  | 1.10% |
Carrying value of long-term debt including current portion | $ 697 |  | 697 | $ 697 |
1.90% Euro denominated notes due 2030 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.90% |  |  | 1.90% |
Carrying value of long-term debt including current portion | $ 111 |  | 114 | $ 111 |
1.375% Euro denominated notes due 2031 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.375% |  |  | 1.375% |
Carrying value of long-term debt including current portion | $ 811 |  | 829 | $ 811 |
3.20% Euro denominated notes due 2031 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.20% | 3.20% |  | 3.20% |
Carrying value of long-term debt including current portion | $ 915 |  | 0 | $ 915 |
Face amount of notes issued | € |  | € 850 |  |  |
0.55% Euro denominated notes due 2032 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 0.55% |  |  | 0.55% |
Carrying value of long-term debt including current portion | $ 805 |  | 823 | $ 805 |
0.375% Euro denominated notes due 2033 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 0.375% |  |  | 0.375% |
Carrying value of long-term debt including current portion | $ 534 |  | 546 | $ 534 |
3.625% Euro denominated notes due 2034 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.625% |  |  | 3.625% |
Carrying value of long-term debt including current portion | $ 698 |  | 714 | $ 698 |
1.625% Euro denominated notes due 2035 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.625% |  |  | 1.625% |
Carrying value of long-term debt including current portion | $ 857 |  | 876 | $ 857 |
3.40% Euro denominated notes due 2036 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.40% | 3.40% |  | 3.40% |
Carrying value of long-term debt including current portion | $ 748 |  | 0 | $ 748 |
Face amount of notes issued | € |  | € 700 |  |  |
3.55% Notes due 2042 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 3.55% |  |  | 3.55% |
Carrying value of long-term debt including current portion | $ 666 |  | 666 | $ 666 |
2.00% Notes due 2050 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 2.00% |  |  | 2.00% |
Carrying value of long-term debt including current portion | $ 296 |  | 296 | $ 296 |
1.00% Euro denominated notes due 2051 |  |  |  |  |
LONG-TERM |  |  |  |  |
Interest rate | 1.00% |  |  | 1.00% |
Carrying value of long-term debt including current portion | $ 738 |  | 755 | $ 738 |
Non U.S. borrowings |  |  |  |  |
LONG-TERM |  |  |  |  |
Carrying value of long-term debt including current portion | 252 |  | 226 | 252 |
Other |  |  |  |  |
LONG-TERM |  |  |  |  |
Carrying value of long-term debt including current portion | $ 10 |  | $ 10 | $ 10 |

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