Debt Facilities (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

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

	September 30, 2024		December 31, 2023
Term loans	$	670	$	643
Mortgage payable and other loans payable	24		29
	694		672
Less amount representing unamortized debt issuance costs and debt discounts	(1)		(1)
	693		671
Less current portion	(5)		(8)
Total	$	688	$	663

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

	September 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	556		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	355		3.05	%	357		3.05	%
1.558% Swiss Franc Senior Notes due 2029	118		1.79	%	—		—	%
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	667		1.18	%	662		1.18	%
3.650% Euro Senior Notes due 2033	667		3.78	%	—		—	%
5.500% Senior Notes due 2034	750		5.74	%	—		—	%
2.000% Japanese Yen Senior Notes Series A due 2035	262		2.07	%	267		2.07	%
2.130% Japanese Yen Senior Notes Series C due 2035	103		2.20	%	105		2.20	%
2.370% Japanese Yen Senior Notes Series B due 2043	71		2.42	%	72		2.42	%
2.570% Japanese Yen Senior Notes Series D due 2043	32		2.62	%	32		2.62	%
2.570% Japanese Yen Senior Notes Series E due 2043	70		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	%
	14,701				13,168
Less amount representing unamortized debt issuance costs and debt discounts	(116)				(108)
	14,585				13,060
Less current portion	(2,198)				(998)
Total	$	12,387			$	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 September 30, 2024 (in millions):

Years ending:
2024 (3 months remaining)	$	1,002
2025	1,205
2026	1,305
2027	1,729
2028	1,409
Thereafter	8,745
Total	$	15,395

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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Interest expense	$	117	$	102	$	331	$	299
Interest capitalized	9		6		27		18
Interest charges incurred	$	126	$	108	$	358	$	317