Borrowings and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Summary of Company's Borrowings

The following table is a summary of the Company’s borrowings as of December 31, 2025 and 2024:

In millions	2025		2024
Short-term debt
Commercial paper	$	—	$	2,119
Long-term debt
4.1% senior notes due March 2025	—		724
3.875% senior notes due July 2025	—		2,828
5% senior notes due February 2026	1,500		1,500
2.875% senior notes due June 2026	1,750		1,750
3% senior notes due August 2026	750		750
3.625% senior notes due April 2027	750		750
6.25% senior notes due June 2027	372		372
1.3% senior notes due August 2027	2,250		2,250
4.3% senior notes due March 2028	5,000		5,000
5% senior notes due January 2029	1,000		1,000
5.4% senior notes due June 2029	1,000		1,000
3.25% senior notes due August 2029	1,750		1,750
5.125% senior notes due February 2030	1,500		1,500
3.75% senior notes due April 2030	1,500		1,500
1.75% senior notes due August 2030	1,250		1,250
5.25% senior notes due January 2031	750		750
1.875% senior notes due February 2031	1,250		1,250
5.55% senior notes due June 2031	1,000		1,000
2.125% senior notes due September 2031	1,000		1,000
5% senior notes due September 2032	750		—
5.25% senior notes due February 2033	1,750		1,750
5.3% senior notes due June 2033	1,250		1,250
5.7% senior notes due June 2034	1,250		1,250
4.875% senior notes due July 2035	652		652
5.45% senior notes due September 2035	1,500		—
6.625% senior notes due June 2036	771		771
6.75% senior notes due December 2037	533		533
4.78% senior notes due March 2038	5,000		5,000
6.125% senior notes due September 2039	447		447
4.125% senior notes due April 2040	602		602
2.7% senior notes due August 2040	367		367
5.75% senior notes due May 2041	133		133
4.5% senior notes due May 2042	500		500
4.125% senior notes due November 2042	226		226
5.3% senior notes due December 2043	750		750
4.75% senior notes due March 2044	375		375
6% senior notes due June 2044	750		750
5.125% senior notes due July 2045	3,500		3,500
3.875% senior notes due August 2047	537		537
5.05% senior notes due March 2048	8,000		8,000
4.25% senior notes due April 2050	399		399
5.625% senior notes due February 2053	1,250		1,250
5.875% senior notes due June 2053	1,250		1,250

6.05% senior notes due June 2054	1,000		1,000
6.2% senior notes due September 2055	1,250		—
6% senior notes due June 2063	750		750
6.25% senior notes due September 2065	500		—
6.75% series B junior subordinated notes due December 2054	750		750
7% series A junior subordinated notes due March 2055	2,250		2,250
Finance lease liabilities	1,326		1,360
Other	295		302
Total debt principal	65,035		66,747
Debt premiums	156		170
Debt discounts and deferred financing costs	(621)		(647)
	64,570		66,270
Less:
Short-term debt (commercial paper)	—		(2,119)
Current portion of long-term debt	(4,068)		(3,624)
Long-term debt	$	60,502	$	60,527

Schedule of Maturities of Long-Term Debt

The following is a summary of the Company’s required repayments of long-term debt principal due during each of the next five years and thereafter, as of December 31, 2025:

In millions
2026	$	4,007
2027	3,379
2028	5,008
2029	3,758
2030	4,258
Thereafter	43,299
Subtotal	63,709
Finance lease liabilities (1)	1,326
Total debt principal	$	65,035

_____________________________________________

(1)See Note 7 ‘‘Leases’’ for a summary of maturities of the Company’s finance lease liabilities.