Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consists of the following:

$ in millions		December 31
		2024		2023
Fixed-rate notes and debentures, maturing in	Interest rate
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
2029	4.60%	500		—
2030	4.40%	750		750
2031	7.75%	466		466
2033	4.70%	1,000		1,000
2034	4.90%	850		—
2040	5.05% - 5.15%	800		800
2043	4.75%	950		950
2045	3.85%	600		600
2047	4.03%	2,250		2,250
2050	5.25%	1,000		1,000
2053	4.95%	1,000		1,000
2054	5.20%	1,150		—
Other	Various	264		332
Debt issuance costs		(83)		(69)
Total long-term debt		16,274		13,856
Less: current portion(1)		1,582		70
Long-term debt, net of current portion		$	14,692	$	13,786

(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, 2024, are as follows:

$ in millions
Year Ending December 31
2025	$	1,582
2026	534
2027	755
2028	2,044
2029	592
Thereafter	10,871
Total principal payments	16,378
Unamortized premium on long-term debt, net of discount	(21)
Debt issuance costs	(83)
Total long-term debt	$	16,274