Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Outstanding Amounts of Debt and Finance Leases

The outstanding amounts of debt and finance leases were as follows:

(In millions)	September 30, 2020		December 31, 2019
Short-term debt
$1,000 million, Floating Rate Notes due 3/2020	$	—	$	999
$300 million, 5.125% Notes due 6/2020	—		300
$1,750 million, 3.2% Notes due 9/2020	—		1,748
$349 million, 4.125% Notes due 9/2020	—		351
$500 million, 2.6% Notes due 11/2020	500		496
$400 million, Floating Rate Notes due 11/2020	400		400
$250 million, 4.375% Notes due 12/2020	250		249
$1,400 million, Floating Rate Term Loan due 3/2021	1,399		—
$78 million, 6.37% Notes due 6/2021	78		—
$1,000 million, Floating Rate Notes due 9/2021	999		—
$1,250 million, 3.4% Notes due 9/2021	1,248		—
Commercial paper	1,555		944
Other, including finance leases	20		27
Total short-term debt	$	6,449	$	5,514
Long-term debt
$500 million, 3.3% Notes due 2021	$	—	$	499
$300 million, 4.5% Notes due 2021	—		298
$78 million, 6.37% Notes due 2021	—		78
$1,000 million, Floating Rate Notes due 2021	—		998
$1,250 million, 3.4% Notes due 2021	—		1,247
$1,248 million, 4.75% Notes due 2021	—		1,272
$277 million, 4% Notes due 2022	276		747
$973 million, 3.9% Notes due 2022	972		999
$500 million, 3.05% Notes due 2022	489		485
$17 million, 8.3% Notes due 2023	17		17
$63 million, 7.65% Notes due 2023	63		100
$700 million, Floating Rate Notes due 2023	698		698
$1,000 million, 3% Notes due 2023	973		966
$2,187 million, 3.75% Notes due 2023	2,180		3,088
$1,000 million, 3.5% Notes due 2024	976		970
$900 million, 3.25% Notes due 2025	896		895
$2,200 million, 4.125% Notes due 2025	2,189		2,188
$1,500 million, 4.5% Notes due 2026	1,505		1,506
$1,500 million, 3.4% Notes due 2027	1,406		1,396
$259 million, 7.875% Debentures due 2027	259		259
$600 million, 3.05% Notes due 2027	595		595
$3,800 million, 4.375% Notes due 2028	3,779		3,776
$1,500 million, 2.4% Notes due 2030	1,489		—
$45 million, 8.3% Step Down Notes due 2033	45		45
$190 million, 6.15% Notes due 2036	190		190
$2,200 million, 4.8% Notes due 2038	2,180		2,178
$750 million, 3.2% Notes due 2040	742		—
$121 million, 5.875% Notes due 2041	119		119
$448 million, 6.125% Notes due 2041	490		491
$317 million, 5.375% Notes due 2042	315		315
$1,500 million, 4.8% Notes due 2046	1,465		1,465
$1,000 million, 3.875% Notes due 2047	988		988
$3,000 million, 4.9% Notes due 2048	2,966		2,964
$1,250 million, 3.4% Notes due 2050	1,235		—
Other, including finance leases	40		61
Total long-term debt	$	29,537	$	31,893

Summary of Debt Issuances

Principal	Maturity Date	Interest Rate	Net Proceeds
$1,500 million	March 15, 2030	2.40%	$1,491 million
$750 million	March 15, 2040	3.20%	$743 million
$1,250 million	March 15, 2050	3.40%	$1,237 million