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LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Long-Term Debt and Credit Agreements
 December 31,
20222021
0.483% notes due 2022
$— $500 
2.15% notes due 2022
— 600 
Floating rate notes due 2022
— 600 
1.30% Euro notes due 2023
1,334 1,416 
3.35% notes due 2023
300 300 
0.00% Euro notes due 2024
534 566 
2.30% notes due 2024
750 750 
4.85% notes due 2024
400 — 
1.35% notes due 2025
1,250 1,250 
2.50% notes due 2026
1,500 1,500 
1.10% notes due 2027
1,000 1,000 
4.95% notes due 2028
500 — 
2.25% Euro notes due 2028
800 849 
2.70% notes due 2029
750 750 
1.95% notes due 2030
1,000 1,000 
1.75% notes due 2031
1,500 1,500 
0.75% Euro notes due 2032
534 566 
5.00% notes due 2033
1,100 — 
4.125% Euro notes due 2034
1,067 — 
5.70% notes due 2036
441 441 
5.70% notes due 2037
462 462 
5.375% notes due 2041
417 417 
3.812% notes due 2047
445 445 
2.80% notes due 2050
750 750 
Industrial development bond obligations, floating rate maturing at various dates through 2037
22 22 
6.625% debentures due 2028
201 201 
9.065% debentures due 2033
51 51 
Other (including capitalized leases), 8.0% weighted average interest rate maturing at various dates through 2029
265 272 
Fair value of hedging instruments(287)60 
Debt issuance costs(233)(211)
16,853 16,057 
Less—Current maturities of long-term debt
(1,730)(1,803)
$15,123 $14,254 
Principal Payments on Long-Term Debt
The schedule of principal payments on long-term debt is as follows:
 December 31, 2022
2023$1,730 
20241,787 
20251,272 
20261,515 
20271,008 
Thereafter9,541 
16,853 
Less—Current maturities of long-term debt(1,730)
$15,123