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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-Term Debt Outstanding
December 31 (in millions)Weighted-Average
Interest Rate as of
December 31, 2021
Weighted-Average Interest Rate as of December 31, 2020
2021(b)
2020(b)
Term loans4.41 %2.07 %$3,148 $7,641 
Senior notes with maturities of 5 years or less, at face value3.50 %3.41 %18,443 19,190 
Senior notes with maturities between 5 and 10 years, at face value3.16 %3.47 %22,964 23,114 
Senior notes with maturities greater than 10 years, at face value3.67 %4.03 %54,536 54,203 
Finance lease obligations and other1,713 1,261 
Debt issuance costs, premiums, discounts, fair value adjustments for acquisition accounting and hedged positions, net(5,954)(1,649)
Total debt3.74 %
(a)
3.67 %
(a)
94,850 103,760 
Less: Current portion2,132 3,146 
Long-term debt$92,718 $100,614 
(a)Rate represents an effective interest rate and includes the effects of amortization of debt issuance costs, premiums, discounts, fair value adjustments for acquisition accounting and hedged positions, as well as the effects of our derivative financial instruments.
(b)As of December 31, 2021, included in our outstanding debt were foreign currency denominated senior notes and term loans with principal amounts of £2.6 billion, €7.5 billion and ¥20.0 billion RMB. As of December 31, 2020, included in our outstanding debt were foreign currency denominated senior notes and term loans with principal amounts of £4.7 billion, €7.3 billion, ¥238.5 billion and ¥16.4 billion RMB.
Debt Maturities
Principal Maturities of Debt
(in millions)
2022$2,135 
2023$1,056 
2024$4,324 
2025$6,136 
2026$5,232 
Thereafter$81,919