Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

As of March 31, 2024 and December 31, 2023, our mortgage and loans payable consisted of the following (in millions):

	March 31, 2024		December 31, 2023
Term loans	$	635	$	643
Mortgage payable and other loans payable	27		29
	662		672
Less amount representing unamortized debt issuance costs and debt discounts	(1)		(1)
	661		671
Less current portion	(7)		(8)
Total	$	654	$	663

As of March 31, 2024 and December 31, 2023, our senior notes consisted of the following (in millions):

	March 31, 2024				December 31, 2023
	Amount		Effective Rate		Amount		Effective Rate
2.625% Senior Notes due 2024	$	1,000	2.79	%	$	1,000	2.79	%
1.250% Senior Notes due 2025	500		1.46	%	500		1.46	%
1.000% Senior Notes due 2025	700		1.18	%	700		1.18	%
2.900% Senior Notes due 2026	600		3.04	%	600		3.04	%
1.450% Senior Notes due 2026	700		1.64	%	700		1.64	%
0.250% Euro Senior Notes due 2027	540		0.45	%	552		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	333		3.05	%	357		3.05	%
3.200% Senior Notes due 2029	1,200		3.30	%	1,200		3.30	%
2.150% Senior Notes due 2030	1,100		2.27	%	1,100		2.27	%
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	%
1.000% Euro Senior Notes due 2033	646		1.18	%	662		1.18	%
2.000% Japanese Yen Senior Notes Series A due 2035	249		2.07	%	267		2.07	%
2.130% Japanese Yen Senior Notes Series C due 2035	98		2.20	%	105		2.20	%
2.370% Japanese Yen Senior Notes Series B due 2043	68		2.42	%	72		2.42	%
2.570% Japanese Yen Senior Notes Series D due 2043	30		2.62	%	32		2.62	%
2.570% Japanese Yen Senior Notes Series E due 2043	66		2.62	%	71		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	%
	13,080				13,168
Less amount representing unamortized debt issuance costs and debt discounts	(103)				(108)
	12,977				13,060
Less current portion	(999)				(998)
Total	$	11,978			$	12,062

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, 2024 (in millions):

Years ending:
2024 (9 months remaining)	$	1,005
2025	1,206
2026	1,306
2027	1,675
2028	1,387
Thereafter	7,163
Total	$	13,742

Schedule of Interest Charges Incurred

The following table sets forth total interest costs incurred, and total interest costs capitalized for the periods presented (in millions):

	Three Months Ended March 31,
	2024		2023
Interest expense	$	104	$	97
Interest capitalized	9		6
Interest charges incurred	$	113	$	103