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Debt and Other Financing Arrangements (Tables)
6 Months Ended
Jun. 29, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
Effective interest rate at June 29,June 29,December 31,
(Dollars in millions)202420242023
0.75% 8-Year Senior Notes, Due 9/12/2024 (euro-denominated)
0.92 %1,071 1,104 
1.215% 3-Year Senior Notes, Due 10/18/2024
1.42 %2,500 2,500 
0.125% 5.5-Year Senior Notes, Due 3/1/2025 (euro-denominated)
0.40 %857 883 
2.00% 10-Year Senior Notes, Due 4/15/2025 (euro-denominated)
2.09 %686 706 
0.853% 3-Year Senior Notes, Due 10/20/2025 (Japanese yen-denominated)
1.05 %139 158 
0.000% 4-Year Senior Notes, Due 11/18/2025 (euro-denominated)
0.15 %589 607 
3.20% 3-Year Senior Notes, Due 1/21/2026 (euro-denominated)
3.38 %536 552 
1.40% 8.5-Year Senior Notes, Due 1/23/2026 (euro-denominated)
1.52 %750 773 
4.953% 3-Year Senior Notes, Due 8/10/2026
5.19 %600 600 
5.000% 3-Year Senior Notes, Due 12/5/2026
5.26 %1,000 1,000 
1.45% 10-Year Senior Notes, Due 3/16/2027 (euro-denominated)
1.65 %536 552 
1.75% 7-Year Senior Notes, Due 4/15/2027 (euro-denominated)
1.96 %643 662 
1.054% 5-Year Senior Notes, Due 10/20/2027 (Japanese yen-denominated)
1.18 %180 205 
4.80% 5-Year Senior Notes, Due 11/21/2027
5.00 %600 600 
0.50% 8.5-Year Senior Notes, Due 3/1/2028 (euro-denominated)
0.76 %857 883 
1.6525% 4-Year Senior Notes, Due 3/7/2028 (Swiss franc-denominated)
1.80 %367 — 
0.77% 5-Year Senior Notes, Due 9/6/2028 (Japanese yen-denominated)
0.90 %180 206 
1.375% 12-Year Senior Notes, Due 9/12/2028 (euro-denominated)
1.46 %643 662 
1.75% 7-Year Senior Notes, Due 10/15/2028
1.89 %700 700 
5.000% 5-Year Senior Notes, Due 1/31/2029
5.24 %1,000 1,000 
1.95% 12-Year Senior Notes, Due 7/24/2029 (euro-denominated)
2.07 %750 773 
2.60% 10-Year Senior Notes, Due 10/1/2029
2.74 %900 900 
1.279% 7-Year Senior Notes, Due 10/19/2029 (Japanese yen-denominated)
1.44 %29 33 
4.977% 7-Year Senior Notes, Due 8/10/2030
5.12 %750 750 
0.80% 9-Year Senior Notes, Due 10/18/2030 (euro-denominated)
0.88 %1,875 1,932 
0.875% 12-Year Senior Notes, Due 10/1/2031 (euro-denominated)
1.13 %964 993 
2.00% 10-Year Senior Notes, Due 10/15/2031
2.23 %1,200 1,200 
1.8401% 8-Year Senior Notes, Due 3/8/2032 (Swiss franc-denominated)
1.92 %462 — 
Effective interest rate at June 29,June 29,December 31,
(Dollars in millions)202420242023
2.375% 12-Year Senior Notes, Due 4/15/2032 (euro-denominated)
2.54 %643 662 
1.49% 10-Year Senior Notes, Due 10/20/2032 (Japanese yen-denominated)
1.60 %39 45 
4.95% 10-Year Senior Notes, Due 11/21/2032
5.09 %600 600 
5.086% 10-Year Senior Notes, Due 8/10/2033
5.20 %1,000 1,000 
1.125% 12-Year Senior Notes, Due 10/18/2033 (euro-denominated)
1.20 %1,607 1,656 
5.200% 10-Year Senior Notes, Due 1/31/2034
5.34 %500 500 
3.65% 12-Year Senior Notes, Due 11/21/2034 (euro-denominated)
3.76 %803 828 
1.50% 12-Year Senior Notes, Due 9/6/2035 (Japanese yen-denominated)
1.58 %134 152 
2.0375% 12-Year Senior Notes, Due 3/7/2036 (Swiss franc-denominated)
2.10 %362 — 
2.875% 20-Year Senior Notes, Due 7/24/2037 (euro-denominated)
2.94 %750 773 
1.50% 20-Year Senior Notes, Due 10/1/2039 (euro-denominated)
1.73 %964 993 
2.80% 20-Year Senior Notes, Due 10/15/2041
2.90 %1,200 1,200 
1.625% 20-Year Senior Notes, Due 10/18/2041 (euro-denominated)
1.77 %1,339 1,380 
2.069% 20-Year Senior Notes, Due 10/20/2042 (Japanese yen-denominated)
2.13 %91 104 
5.404% 20-Year Senior Notes, Due 8/10/2043
5.50 %600 600 
2.02% 20-Year Senior Notes, Due 9/6/2043 (Japanese yen-denominated)
2.06 %180 206 
5.30% 30-Year Senior Notes, Due 2/1/2044
5.37 %400 400 
4.10% 30-Year Senior Notes, Due 8/15/2047
4.23 %750 750 
1.875% 30-Year Senior Notes, Due 10/1/2049 (euro-denominated)
1.98 %1,071 1,104 
2.00% 30-Year Senior Notes, Due 10/18/2051 (euro-denominated)
2.06 %803 828 
2.382% 30-Year Senior Notes, Due 10/18/2052 (Japanese yen-denominated)
2.43 %207 236 
Other 74 77 
Total borrowings at par value
35,481 35,028 
Unamortized discount
(104)(113)
Unamortized debt issuance costs
(179)(188)
Total borrowings at carrying value
35,197 34,727 
Finance lease liabilities
207 190 
Less: Short-term obligations and current maturities
5,121 3,609 
Long-term obligations$30,284 $31,308