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Debt and Other Financing Arrangements (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The company’s debt and other financing arrangements are as follows:
Effective interest rate at December 31,December 31,December 31,
(Dollars in millions)202420242023
0.75% 8-Year Senior Notes, Due 9/12/2024 (euro-denominated)
$— $1,104 
1.215% 3-Year Senior Notes, Due 10/18/2024
— 2,500 
0.125% 5.5-Year Senior Notes, Due 3/1/2025 (euro-denominated)
0.40 %828 883 
2.00% 10-Year Senior Notes, Due 4/15/2025 (euro-denominated)
2.07 %663 706 
0.853% 3-Year Senior Notes, Due 10/20/2025 (Japanese yen-denominated)
1.05 %142 158 
0.000% 4-Year Senior Notes Due 11/18/2025 (euro-denominated)
0.14 %569 607 
3.20% 3-Year Senior Notes, Due 1/21/2026 (euro-denominated)
3.38 %518 552 
1.40% 8.5-Year Senior Notes, Due 1/23/2026 (euro-denominated)
1.52 %725 773 
4.953% 3-Year Senior Notes, Due 8/10/2026
5.18 %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)
1.64 %518 552 
1.75% 7-Year Senior Notes, Due 4/15/2027 (euro-denominated)
1.96 %621 662 
1.054% 5-Year Senior Notes, Due 10/20/2027 (Japanese yen-denominated)
1.18 %184 205 
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 %828 883 
1.6525% 4-Year Senior Notes, Due 3/7/2028 (Swiss franc-denominated)
1.79 %364 — 
0.77% 5-Year Senior Notes, Due 9/6/2028 (Japanese yen-denominated)
0.90 %184 206 
1.375% 12-Year Senior Notes, Due 9/12/2028 (euro-denominated)
1.46 %621 662 
1.750% 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 %725 773 
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 %30 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 %1,812 1,932 
0.875% 12-Year Senior Notes, Due 10/1/2031 (euro-denominated)
1.13 %932 993 
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 %457 — 
2.375% 12-Year Senior Notes, Due 4/15/2032 (euro-denominated)
2.54 %621 662 
Effective interest rate at December 31,December 31,December 31,
(Dollars in millions)202420242023
1.49% 10-Year Senior Notes, Due 10/20/2032 (Japanese yen-denominated)
1.60 %40 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 %1,553 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 %777 828 
1.50% 12-Year Senior Notes, Due 9/6/2035 (Japanese yen-denominated)
1.58 %137 152 
2.0375% 12-Year Senior Notes, Due 3/7/2036 (Swiss franc-denominated)
2.10 %358 — 
2.875% 20-Year Senior Notes, Due 7/24/2037 (euro-denominated)
2.94 %725 773 
1.50% 20-Year Senior Notes, Due 10/1/2039 (euro-denominated)
1.73 %932 993 
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)
1.76 %1,294 1,380 
2.069% 20-Year Senior Notes, Due 10/20/2042 (Japanese yen-denominated)
2.13 %93 104 
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 %184 206 
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 %1,035 1,104 
2.00% 30-Year Senior Notes, Due 10/18/2051 (euro-denominated)
2.06 %777 828 
2.382% 30-Year Senior Notes, Due 10/18/2052 (Japanese yen-denominated)
2.43 %212 236 
Other 73 77 
Total borrowings at par value
31,332 35,028 
Unamortized discount
(95)(113)
Unamortized debt issuance costs
(164)(188)
Total borrowings at carrying value
31,072 34,727 
Finance lease liabilities
202 190 
Less: Short-term obligations and current maturities
2,214 3,609 
Long-term obligations$29,061 $31,308 
In the first quarter of 2025 the company issued the following senior notes:
(In millions)Principal Value Issued
0.790% 3-Year Senior Notes, Due January 6, 2028 (Swiss franc-denominated)
Fr.88 
1.120% 5-Year Senior Notes, Due January 6, 2030 (Swiss franc-denominated)
Fr.234 
1.520% 12-Year Senior Notes, Due January 6, 2037 (Swiss franc-denominated)
Fr.311 
1.490% 20-Year Senior Notes, Due January 6, 2045 (Swiss franc-denominated)
Fr.185 
1.470% 25-Year Senior Notes, Due January 6, 2050 (Swiss franc-denominated)
Fr.327 
Schedule of Annual Repayment Requirements for Debt Obligations
As of December 31, 2024, the annual repayment requirements for debt obligations are as follows:
(In millions)BorrowingsFinance Lease Liabilities
2025 $2,202 $12 
2026 2,843 12 
2027 1,923 10 
2028 2,726 9 
2029 2,655 8 
2030 and thereafter18,983 151 
$31,332 $202