Debt Facilities (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

As of June 30, 2024 and December 31, 2023, our mortgage and loans payable consisted of the following (in millions):

	June 30, 2024		December 31, 2023
Term loans	$	635	$	643
Mortgage payable and other loans payable	26		29
	661		672
Less amount representing unamortized debt issuance costs and debt discounts	(1)		(1)
	660		671
Less current portion	(6)		(8)
Total	$	654	$	663

As of June 30, 2024 and December 31, 2023, our senior notes consisted of the following (in millions):

	June 30, 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	536		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	334		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	643		1.18	%	662		1.18	%
5.500% Senior Notes due 2034	750		5.74	%	—		—	%
2.000% Japanese Yen Senior Notes Series A due 2035	234		2.07	%	267		2.07	%
2.130% Japanese Yen Senior Notes Series C due 2035	92		2.20	%	105		2.20	%
2.370% Japanese Yen Senior Notes Series B due 2043	64		2.42	%	72		2.42	%
2.570% Japanese Yen Senior Notes Series D due 2043	28		2.62	%	32		2.62	%
2.570% Japanese Yen Senior Notes Series E due 2043	62		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	%
	13,793				13,168
Less amount representing unamortized debt issuance costs and debt discounts	(112)				(108)
	13,681				13,060
Less current portion	(999)				(998)
Total	$	12,682			$	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 June 30, 2024 (in millions):

Years ending:
2024 (6 months remaining)	$	1,003
2025	1,206
2026	1,305
2027	1,673
2028	1,389
Thereafter	7,878
Total	$	14,454

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Interest expense	$	110	$	100	$	214	$	197
Interest capitalized	9		6		18		12
Interest charges incurred	$	119	$	106	$	232	$	209