DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2020

The carrying value of our outstanding debt as of March 31, 2020 and December 31, 2019 consists of the following (in millions):


	Principal Amount				Carrying Value
				Maturity			2020			2019
Commercial paper	$	3,256	2020		$	3,245		$	3,234

Fixed-rate senior notes:
3.125% senior notes	1,500		2021		1,530			1,524
2.050% senior notes	700		2021		699			699
2.450% senior notes	1,000		2022		1,033			1,003
2.350% senior notes	600		2022		598			598
2.500% senior notes	1,000		2023		996			995
2.800% senior notes	500		2024		497			497
2.200% senior notes	400		2024		398			398
3.900% senior notes	1,000		2025		994			—
2.400% senior notes	500		2026		498			498
3.050% senior notes	1,000		2027		992			992
3.400% senior notes	750		2029		745			745
2.500% senior notes	400		2029		397			397
4.450% senior notes	750		2030		743			—
6.200% senior notes	1,500		2038		1,483			1,483
5.200% senior notes	500		2040		493			—
4.875% senior notes	500		2040		490			490
3.625% senior notes	375		2042		368			368
3.400% senior notes	500		2046		491			491
3.750% senior notes	1,150		2047		1,137			1,136
4.250% senior notes	750		2049		742			742
3.400% senior notes	700		2049		688			688
5.300% senior notes	1,250		2050		1,230			—
Floating-rate senior notes:
Floating-rate senior notes	350		2021		349			349
Floating-rate senior notes	400		2022		399			399
Floating-rate senior notes	500		2023		499			499
Floating-rate senior notes	1,041		2049-2067		1,028			1,028
8.375% Debentures:
8.375% debentures	424		2020		424			426
8.375% debentures	276		2030		281			281
Pound Sterling notes:
5.500% notes	82		2031		81			86
5.125% notes	562		2050		533			566
Euro senior notes:
0.375% notes	767		2023		764			779
1.625% notes	767		2025		764			779
1.000% notes	548		2028		545			556
1.500% notes	548		2032		545			556
Floating-rate senior notes	548		2020		548			559
Canadian senior notes:
2.125% notes	529		2024		527			571
Finance lease obligations	500		2020-2210		500			498
Facility notes and bonds	320		2029-2045		320			320
Other debt	7		2020-2025		7			8
Total debt	$	28,750			28,601			25,238
Less: Current maturities					(4,405)			(3,420)
Long-term debt					$	24,196		$	21,818

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details