Debt (Tables)

9 Months Ended

Sep. 01, 2023

Debt Disclosure [Abstract]

Carrying value of outstanding debt

The carrying value of our borrowings as of September 1, 2023 and December 2, 2022 were as follows:

(dollars in millions)	Issuance Date	Due Date	Effective Interest Rate	2023		2022
1.70% 2023 Notes	February 2020	February 2023	1.92%	$	—	$	500
1.90% 2025 Notes	February 2020	February 2025	2.07%	500		500
3.25% 2025 Notes	January 2015	February 2025	3.67%	1,000		1,000
2.15% 2027 Notes	February 2020	February 2027	2.26%	850		850
2.30% 2030 Notes	February 2020	February 2030	2.69%	1,300		1,300
Total debt outstanding, at par				$	3,650	$	4,150
Current portion of debt, at par				—		(500)
Unamortized discount and debt issuance costs				(17)		(21)
Carrying value of long-term debt				$	3,633	$	3,629
Carrying value of current debt, net of unamortized discount and debt issuance costs				$	—	$	500