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DEBT AND FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The carrying value of our outstanding debt obligations as of June 30, 2022 and December 31, 2021 consists of the following (in millions):
Principal
Amount
Carrying Value
Maturity20222021
Fixed-rate senior notes:
2.450% senior notes
1,000 2022999 1,010 
2.350% senior notes
— 2022— 600 
2.500% senior notes
1,000 2023999 998 
2.800% senior notes
500 2024498 498 
2.200% senior notes
400 2024399 399 
3.900% senior notes
1,000 2025997 996 
2.400% senior notes
500 2026499 498 
3.050% senior notes
1,000 2027994 994 
3.400% senior notes
750 2029746 746 
2.500% senior notes
400 2029397 397 
4.450% senior notes
750 2030744 744 
6.200% senior notes
1,500 20381,484 1,484 
5.200% senior notes
500 2040494 494 
4.875% senior notes
500 2040491 491 
3.625% senior notes
375 2042368 368 
3.400% senior notes
500 2046492 492 
3.750% senior notes
1,150 20471,137 1,137 
4.250% senior notes
750 2049743 743 
3.400% senior notes
700 2049688 688 
5.300% senior notes
1,250 20501,231 1,231 
Floating-rate senior notes:
Floating-rate senior notes— 2022— 400 
Floating-rate senior notes500 2023500 500 
Floating-rate senior notes1,039 2049-20671,027 1,027 
Debentures:
7.620% debentures
276 2030280 280 
Pound Sterling notes:
5.500% notes
81 203180 89 
5.125% notes
553 2050525 583 
Euro senior notes:
0.375% senior notes
728 2023727 791 
1.625% senior notes
728 2025726 791 
1.000% senior notes
520 2028518 564 
1.500% senior notes
520 2032517 564 
Canadian senior notes:
2.125% senior notes
582 2024580 585 
Finance lease obligations372 2022-2046372 408 
Facility notes and bonds320 2029-2045320 320 
Other debt2022-2025
Total debt$20,748 20,576 21,915 
Less: current maturities(2,579)(2,131)
Long-term debt$17,997 $19,784