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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
The following table summarizes the outstanding long-term debt as of December 31, 2024 and 2023:
20242023
MaturitiesAmountInterest rateAmountInterest rate
Fixed-rate 4.875% senior unsecured notes
Mar, 2024— 4.875 1,000 4.875 
Fixed-rate 2.7% senior unsecured notes
May, 2025500 2.700 500 2.700 
Fixed-rate 5.35% senior unsecured notes
Mar, 2026500 5.350 500 5.350 
Fixed-rate 3.875% senior unsecured notes
Jun, 2026750 3.875 750 3.875 
Fixed-rate 3.15% senior unsecured notes
May, 2027500 3.150 500 3.150 
Fixed-rate 4.40% senior unsecured notes
Jun, 2027500 4.400 500 4.400 
Fixed-rate 5.55% senior unsecured notes
Dec, 2028500 5.550 500 5.550 
Fixed-rate 4.3% senior unsecured notes
Jun, 20291,000 4.300 1,000 4.300 
Fixed-rate 3.4% senior unsecured notes
May, 20301,000 3.400 1,000 3.400 
Fixed-rate 2.5% senior unsecured notes
May, 20311,000 2.500 1,000 2.500 
Fixed-rate 2.65% senior unsecured notes
Feb, 20321,000 2.650 1,000 2.650 
Fixed-rate 5.0% senior unsecured notes
Jan, 20331,000 5.000 1,000 5.000 
Fixed-rate 3.25% senior unsecured notes
May, 20411,000 3.250 1,000 3.250 
Fixed-rate 3.125% senior unsecured notes
Feb, 2042500 3.125 500 3.125 
Fixed-rate 3.25% senior unsecured notes
Nov, 2051500 3.250 500 3.250 
Floating-rate revolving credit facility (RCF)Aug, 2027— — — — 
Fixed-rate 4.45% EIB Facility Loan
Dec, 2030670 4.450 — — 
Total principal10,920 11,250 
Unamortized discounts, premiums and debt
   issuance costs
(66)(75)
Total debt, including unamortized discounts,
   premiums, debt issuance costs and fair value
  adjustments
10,854 11,175 
Current portion of long-term debt(500)(1,000)
Long-term debt10,354 10,175 
Schedule of Long-Term Debt
Range of interest ratesAverage rate of interestPrincipal amount outstanding 2024Due in 2025Due after 2025Due after 2029Average remaining term
(in years)
Principal amount outstanding 2023
USD notes
2.50%-
5.55%
3.7 %10,250 500 9,750 6,000 7.411,250 
Revolving Credit Facility (RCF) (1)— %— %— — — — — — 
Bank borrowings4.45 %4.5 %670 — 670 670 5.9— 
3.7 %10,920 500 10,420 6,670 7.311,250 
(1)We do not have any borrowings under the $2,500 million RCF as of December 31, 2024.
Principal Amounts of Long-Term Debt
As of December 31, 2024, the following principal amounts of long-term debt are due in the next 5 years:
2025500 
20261,250 
20271,000 
2028500 
20291,000 
Due after 5 years6,670 
10,920