Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Components of Long-Term Debt

Our long-term debt consisted of the following at December 31:

(in millions)	2024		2023
USD notes, 2.350% to 10.200%, interest payable semi-annually, due through 2061 (1)	$	21,784	$	22,888
USD debenture, 7.75%, interest payable semi-annually, due 2027	42		42
Euro notes, 1.700% to 3.125%, interest payable annually, due through 2031 (2)	3,100		3,303
	24,926		26,233
Less current portion of long-term debt	1,527		1,121
	$	23,399	$	25,112

(1) Weighted-average coupon interest rate of 4.6% and 4.5% at December 31, 2024 and 2023, respectively.

(2) Weighted-average coupon interest rate of 2.5% at December 31, 2024 and 2023.

At December 31, 2024, our outstanding long-term debt consisted of the following:

(in millions)
Type	Face Value	Interest Rate	Issuance	Maturity
USD notes	$750	2.350%	May 2020	May 2025
Euro notes	€750	1.700%	February 2019	June 2025
USD notes	$1,069	4.400%	February 2019	February 2026
USD notes	$500	2.625%	September 2016	September 2026
USD debenture	$42	7.750%	January 1997	January 2027
Euro notes	€1,000	2.200%	February 2019	June 2027
USD notes	$500	6.200%	November 2023	November 2028
USD notes	$1,906	4.800%	February 2019	February 2029
USD notes	$750	3.400%	May 2020	May 2030
Euro notes	€1,250	3.125%	February 2019	June 2031
USD notes	$1,750	2.450%	February 2021	February 2032
USD notes	$500	6.875%	November 2023	November 2033
USD notes	$177	9.950%	November 2008	November 2038
USD notes	$208	10.200%	February 2009	February 2039
USD notes	$2,000	5.800%	February 2019	February 2039
USD notes	$1,500	3.400%	February 2021	February 2041
USD notes	$900	4.250%	August 2012	August 2042
USD notes	$650	4.500%	May 2013	May 2043
USD notes	$1,800	5.375%	October 2013	January 2044
USD notes	$1,500	3.875%	September 2016	September 2046
USD notes	$2,500	5.950%	February 2019	February 2049
USD notes	$500	4.450%	May 2020	May 2050
USD notes	$1,250	3.700%	February 2021	February 2051
USD notes	$271	6.200%	February 2019	February 2059
USD notes	$1,000	4.000%	February 2021	February 2061

Aggregate Maturities of Long-Term Debt

At December 31, 2024, aggregate maturities of our long-term debt were as follows:

(in millions)		Aggregate Maturities
2025		$	1,527
2026		1,569
2027		1,078
2028		500
2029		1,906
Thereafter		18,550
		25,130
Less:	debt issuance costs	128
	debt discounts	76
		$	24,926