Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consists of the following:

$ in millions		December 31
		2020		2019
Fixed-rate notes and debentures, maturing in	Interest rate
2020	2.08%	$	—	$	1,000
2021	3.50%	700		700
2022	2.55%	1,500		1,500
2023	3.25%	1,050		1,050
2025	2.93%	1,500		1,500
2026	7.75% - 7.88%	527		527
2027	3.20%	750		750
2028	3.25%	2,000		2,000
2030	4.40%	750		—
2031	7.75%	466		466
2040	5.05% - 5.15%	800		300
2043	4.75%	950		950
2045	3.85%	600		600
2047	4.03%	2,250		2,250
2050	5.25%	1,000		—
Credit facilities	1.89%	—		78
Other	Various	235		272
Debt issuance costs		(75)		(64)
Total long-term debt		15,003		13,879
Less: current portion(1)		742		1,109
Long-term debt, net of current portion		$	14,261	$	12,770

(1) The current portion of long-term debt is recorded in Other current liabilities in the consolidated statements of financial position.

Long-term debt maturities

Maturities of long-term debt as of December 31, 2020, are as follows:

$ in millions
Year Ending December 31
2021	$	742
2022	1,505
2023	1,053
2024	3
2025	1,503
Thereafter	10,285
Total principal payments	15,091
Unamortized premium on long-term debt, net of discount	(13)
Debt issuance costs	(75)
Total long-term debt	$	15,003