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DEBT AND CREDIT FACILITIES (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Summary of Financing Arrangements
The following table summarizes the carrying amount of our borrowings under various financing arrangements:
(in millions)Carrying Amount
Type of BorrowingIssue DateMaturity DateInterest RateDecember 31, 2023December 31, 2022
Senior UnsecuredSeptember 2016September 20232.50%$— $749 
Senior UnsecuredSeptember 2020September 20230.75%— 1,498 
Senior UnsecuredMarch 2014April 20243.70%1,750 1,748 
Senior UnsecuredNovember 2014February 20253.50%1,749 1,748 
Senior UnsecuredSeptember 2015March 20263.65%2,744 2,742 
Senior UnsecuredSeptember 2016March 20272.95%1,248 1,247 
Senior UnsecuredSeptember 2020October 20271.20%747 747 
Senior UnsecuredSeptember 2020October 20301.65%994 993 
Senior UnsecuredSeptember 2023October 20335.25%992 — 
Senior UnsecuredSeptember 2015September 20354.60%993 993 
Senior UnsecuredSeptember 2016September 20364.00%743 742 
Senior UnsecuredSeptember 2020October 20402.60%988 988 
Senior UnsecuredDecember 2011December 20415.65%996 996 
Senior UnsecuredMarch 2014April 20444.80%1,737 1,736 
Senior UnsecuredNovember 2014February 20454.50%1,734 1,733 
Senior UnsecuredSeptember 2015March 20464.75%2,222 2,221 
Senior UnsecuredSeptember 2016March 20474.15%1,729 1,728 
Senior UnsecuredSeptember 2020October 20502.80%1,478 1,477 
Senior UnsecuredSeptember 2023October 20535.55%988 — 
Total senior unsecured notes23,834 24,088 
Liability related to future royalties1,153 1,141 
Total debt, net24,987 25,229 
Less: Current portion of long-term debt and other obligations, net1,798 2,273 
Total Long-term debt, net$23,189 $22,957 
Summary of Contractual Maturities of Financing Obligations
The following table summarizes the aggregate future principal maturities of our senior unsecured notes as of December 31, 2023:
(in millions)Amount
2024$1,750 
20251,750 
20262,750 
20272,000 
2028— 
Thereafter15,750 
Total$24,000