Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

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

	March 31, 2025		December 31, 2024
Term loans	$	647	$	628
Mortgage payable and other loans payable	20		21
	667		649
Less current portion	(5)		(5)
Total	$	662	$	644

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

	March 31, 2025				December 31, 2024
	Amount		Effective Rate		Amount		Effective Rate
1.250% Senior Notes due 2025	$	500	1.46	%	$	500	1.46	%
1.000% Senior Notes due 2025	700		1.18	%	700		1.18	%
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	541		0.45	%	518		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	339		3.05	%	331		3.05	%
1.558% Swiss Franc Senior Notes due 2029	113		1.79	%	110		1.79	%
3.200% Senior Notes due 2029	1,200		3.30	%	1,200		3.30	%
3.500% Singapore Dollar Senior Notes due 2030	372		3.67	%	—		—	%
2.150% Senior Notes due 2030	1,100		2.27	%	1,100		2.27	%
3.250% Euro Senior Notes due 2031	703		3.46	%	673		3.46	%
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	649		1.18	%	622		1.18	%
3.650% Euro Senior Notes due 2033	649		3.78	%	622		3.78	%
5.500% Senior Notes due 2034	750		5.74	%	750		5.74	%
3.625% Euro Senior Notes due 2034	541		3.75	%	518		3.75	%
2.000% Japanese Yen Senior Notes Series A due 2035	251		2.07	%	239		2.07	%
2.130% Japanese Yen Senior Notes Series C due 2035	98		2.20	%	94		2.20	%
2.370% Japanese Yen Senior Notes Series B due 2043	68		2.42	%	65		2.42	%
2.570% Japanese Yen Senior Notes Series D due 2043	30		2.62	%	29		2.62	%
2.570% Japanese Yen Senior Notes Series E due 2043	66		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	%
	15,220				14,685
Less amount representing unamortized debt issuance costs and debt discounts	(123)				(123)
	15,097				14,562
Less current portion	(1,199)				(1,199)
Total	$	13,898			$	13,363

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, 2025 (in millions):

Years ending:
2025 (9 months remaining)	$	1,204
2026	1,305
2027	1,691
2028	1,393
2029	1,317
Thereafter	8,977
Total	$	15,887

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,
	2025		2024
Interest expense	$	122	$	104
Interest capitalized	11		9
Interest charges incurred	$	133	$	113