XML 85 R71.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt - Summary of Outstanding Debt (Details)
€ in Millions
1 Months Ended 12 Months Ended
Jan. 31, 2022
EUR (€)
Jun. 30, 2021
EUR (€)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Nov. 30, 2021
USD ($)
Sep. 30, 2021
EUR (€)
SHORT-TERM              
Commercial paper     $ 278,000,000 $ 2,527,000,000      
Other borrowings (primarily non U.S.)     885,000,000 724,000,000      
Total short-term debt     1,163,000,000 3,251,000,000      
Long-term              
Carrying value of long-term debt including current portion     13,044,000,000 12,903,000,000      
Less: current portion of long-term debt     (1,709,000,000) (751,000,000)      
Total long-term debt     11,335,000,000 12,152,000,000      
Total debt     14,207,000,000 16,154,000,000      
Repayments of long-term debt   € 600 $ 1,468,000,000 2,681,000,000 $ 1,583,000,000    
3.875% Euro denominated notes due 2021              
Debt Instrument [Line Items]              
Interest rate   3.875% 3.875%        
Long-term              
Carrying value of long-term debt including current portion     $ 0 748,000,000      
0.250% Euro denominated notes due 2022              
Debt Instrument [Line Items]              
Interest rate     0.25%        
Long-term              
Carrying value of long-term debt including current portion     $ 1,137,000,000 1,226,000,000      
0.250% Euro denominated notes due 2022 | Subsequent Event              
Debt Instrument [Line Items]              
Interest rate 0.25%            
Long-term              
Repayments of long-term debt | € € 1,000            
2.45% Notes due 2022              
Debt Instrument [Line Items]              
Interest rate     2.45%     2.45%  
Long-term              
Carrying value of long-term debt including current portion     $ 0 599,000,000      
Debt instrument, face amount           $ 600,000,000  
2.20% Notes due 2022              
Debt Instrument [Line Items]              
Interest rate     2.20%        
Long-term              
Carrying value of long-term debt including current portion     $ 500,000,000 499,000,000      
Debt instrument, face amount     $ 500,000,000        
2.70% Notes due 2023              
Debt Instrument [Line Items]              
Interest rate     2.70%        
Long-term              
Carrying value of long-term debt including current portion     $ 500,000,000 499,000,000      
2.00% Euro denominated notes due 2023              
Debt Instrument [Line Items]              
Interest rate     2.00%        
Long-term              
Carrying value of long-term debt including current portion     $ 759,000,000 832,000,000      
5.875% GBP denominated notes due 2023              
Debt Instrument [Line Items]              
Interest rate     5.875%        
Long-term              
Carrying value of long-term debt including current portion     $ 432,000,000 460,000,000      
1.20% Euro denominated notes due 2024              
Debt Instrument [Line Items]              
Interest rate     1.20%        
Long-term              
Carrying value of long-term debt including current portion     $ 625,000,000 671,000,000      
1.875% Euro denominated notes due 2024              
Debt Instrument [Line Items]              
Interest rate     1.875%        
Long-term              
Carrying value of long-term debt including current portion     $ 356,000,000 389,000,000      
2.65% Notes due 2025              
Debt Instrument [Line Items]              
Interest rate     2.65%        
Long-term              
Carrying value of long-term debt including current portion     $ 399,000,000 398,000,000      
1.625% Euro denominated notes due 2025              
Debt Instrument [Line Items]              
Interest rate     1.625%        
Long-term              
Carrying value of long-term debt including current portion     $ 565,000,000 607,000,000      
Euro Denominated 0.000% Notes Due 2026              
Debt Instrument [Line Items]              
Interest rate     0.00%       0.00%
Long-term              
Carrying value of long-term debt including current portion     $ 799,000,000 0      
Debt instrument, face amount | €             € 700
3.20% Notes due 2026              
Debt Instrument [Line Items]              
Interest rate     3.20%        
Long-term              
Carrying value of long-term debt including current portion     $ 725,000,000 725,000,000      
3.434% Notes due 2026              
Debt Instrument [Line Items]              
Interest rate     3.434%        
Long-term              
Carrying value of long-term debt including current portion     $ 197,000,000 196,000,000      
1.652% Euro denominated notes due 2027              
Debt Instrument [Line Items]              
Interest rate     1.652%        
Long-term              
Carrying value of long-term debt including current portion     $ 94,000,000 100,000,000      
0.250% Euro denominated notes due 2027              
Debt Instrument [Line Items]              
Interest rate     0.25%        
Long-term              
Carrying value of long-term debt including current portion     $ 850,000,000 914,000,000      
1.00% Euro denominated notes due 2028              
Debt Instrument [Line Items]              
Interest rate     1.00%        
Long-term              
Carrying value of long-term debt including current portion     $ 879,000,000 966,000,000      
1.10% Notes due 2030              
Debt Instrument [Line Items]              
Interest rate     1.10%        
Long-term              
Carrying value of long-term debt including current portion     $ 696,000,000 696,000,000      
1.90% Euro denominated notes due 2030              
Debt Instrument [Line Items]              
Interest rate     1.90%        
Long-term              
Carrying value of long-term debt including current portion     $ 118,000,000 127,000,000      
0.550% Euro denominated notes due 2032              
Debt Instrument [Line Items]              
Interest rate     0.55%        
Long-term              
Carrying value of long-term debt including current portion     $ 847,000,000 909,000,000      
Euro Denominated 0.375% Notes Due 2033              
Debt Instrument [Line Items]              
Interest rate     0.375%       0.375%
Long-term              
Carrying value of long-term debt including current portion     $ 565,000,000 0      
Debt instrument, face amount | €             € 500
3.55% Notes due 2042              
Debt Instrument [Line Items]              
Interest rate     3.55%        
Long-term              
Carrying value of long-term debt including current portion     $ 664,000,000 664,000,000      
2.00% Notes due 2050              
Debt Instrument [Line Items]              
Interest rate     2.00%        
Long-term              
Carrying value of long-term debt including current portion     $ 296,000,000 296,000,000      
Euro Denominated 1.000% Notes Due 2051              
Debt Instrument [Line Items]              
Interest rate     1.00%       1.00%
Long-term              
Carrying value of long-term debt including current portion     $ 788,000,000 0      
Debt instrument, face amount | €             € 700
Non U.S. borrowings              
Long-term              
Carrying value of long-term debt including current portion     243,000,000 372,000,000      
Other              
Long-term              
Carrying value of long-term debt including current portion     10,000,000 10,000,000      
Derivatives Designated as Hedging Instruments - Fair Value | Interest rate swaps | Derivatives Designated as Hedging Instruments:              
Long-term              
Adjustment to carrying value     $ 42,000,000 $ 79,000,000