Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Debt

Our mortgage and loans payable balance consisted of the following (in millions):

	March 31, 2026		December 31, 2025
Term loans	$	1	$	673
Mortgage payable and other loans payable	28		30
	29		703
Less current portion	(16)		(17)
	$	13	$	686

Our senior notes balance consisted of the following (in millions):

	March 31, 2026				December 31, 2025
	Amount		Effective Rate		Amount		Effective Rate
1.450% Senior Notes due 2026	700		1.64	%	700		1.64	%
2.900% Senior Notes due 2026	600		3.04	%	600		3.04	%
0.250% Euro Senior Notes due 2027	577		0.45	%	587		0.45	%
1.800% Senior Notes due 2027	500		1.96	%	500		1.96	%
1.550% Senior Notes due 2028	650		1.67	%	650		1.67	%
2.000% Senior Notes due 2028	400		2.21	%	400		2.21	%
2.875% Swiss Franc Senior Notes due 2028	375		3.05	%	378		3.05	%
3.250% Euro Senior Notes due 2029	866		3.45	%	881		3.45	%
1.558% Swiss Franc Senior Notes due 2029	125		1.79	%	126		1.79	%
3.200% Senior Notes due 2029	1,200		3.30	%	1,200		3.30	%
3.500% Singapore Dollar Senior Notes due 2030	389		3.67	%	389		3.67	%
2.150% Senior Notes due 2030	1,100		2.27	%	1,100		2.27	%
4.600% Senior Notes due 2030	1,250		4.81	%	1,250		4.81	%
3.250% Euro Senior Notes due 2031	751		3.46	%	763		3.46	%
4.400% Senior Notes due 2031	700		4.71	%	—		—	%
2.500% Senior Notes due 2031	1,000		2.65	%	1,000		2.65	%
3.900% Senior Notes due 2032	1,200		4.07	%	1,200		4.07	%
2.900% Singapore Dollar Senior Notes due 2032	505		3.01	%	505		3.01	%
4.000% Canadian Dollar Senior Notes due 2032	502		4.29	%	510		4.29	%
1.000% Euro Senior Notes due 2033	693		1.18	%	705		1.18	%
4.700% Senior Notes due 2033	800		4.95	%	—		—	%
3.650% Euro Senior Notes due 2033	693		3.78	%	705		3.78	%
4.000% Euro Senior Notes due 2034	866		4.17	%	881		4.17	%
5.500% Senior Notes due 2034	750		5.74	%	750		5.74	%
3.625% Euro Senior Notes due 2034	577		3.75	%	587		3.75	%
2.000% Japanese Yen Senior Notes Series A due 2035	237		2.07	%	240		2.07	%
2.130% Japanese Yen Senior Notes Series C due 2035	93		2.20	%	94		2.20	%
2.370% Japanese Yen Senior Notes Series B due 2043	65		2.42	%	65		2.42	%
2.570% Japanese Yen Senior Notes Series D due 2043	29		2.62	%	29		2.62	%
2.570% Japanese Yen Senior Notes Series E due 2043	63		2.62	%	64		2.62	%
3.000% Senior Notes due 2050	500		3.09	%	500		3.09	%
2.950% Senior Notes due 2051	500		3.00	%	500		3.00	%
3.400% Senior Notes due 2052	500		3.50	%	500		3.50	%
	19,756				18,359
Less amount representing unamortized debt issuance costs and debt discounts	(165)				(150)
	19,591				18,209
Less current portion	(1,876)				(1,299)
Total	$	17,715			$	16,910

Schedule of Maturities of Debt Instruments

The following table sets forth maturities of our debt, including mortgage and loans payable and senior notes, gross of debt issuance costs and debt discounts, as of March 31, 2026 (in millions):

Years ending:
2026 (9 months remaining)	$	1,315
2027	1,082
2028	1,430
2029	2,195
2030	2,739
Thereafter	11,024
Total	$	19,785

Schedule of Interest Charges Incurred

Other information related to interest is presented in the following tables (in millions):

	Three Months Ended March 31,
	2026		2025
Interest expense	$	148	$	122
Interest capitalized	32		11
Interest charges incurred	$	180	$	133
	Three Months Ended March 31,
	2026		2025
Interest paid in cash, net of capitalized interest	$	109	$	93