| Schedule of Total Debt |
The carrying value of our total debt, including short-term and long-term debt, consisted of the following (in millions): | | | | | | | | | | | | | As of March 31, 2025 | | As of December 31, 2024 | | Short-term debt: | | | | | Commercial Paper | $ | 433 | | | $ | 529 | | | | | | 2025 Senior Notes (3.65%; unsecured due May 23, 2025) | 1,250 | | | 1,249 | | 2025 Senior Notes (3.75%; unsecured due December 1, 2025) | 1,249 | | | 1,249 | | | Total short-term debt | 2,932 | | | 3,027 | | | Long-term debt: | | | | 2027 Senior Notes (4.00%; unsecured due September 15, 2027) | 1,493 | | | 1,492 | | 2027 Senior Notes (3.10%; unsecured due September 15, 2027) | 499 | | | 498 | | 2028 Senior Notes (3.625%; unsecured due September 1, 2028) | 941 | | | 937 | | 2028 Senior Notes (3.75%; unsecured due September 21, 2028) | 597 | | | 596 | | 2029 Senior Notes (4.35%; unsecured due June 15, 2029) | 1,243 | | | 1,243 | | 2030 Senior Notes (2.10%; unsecured due June 15, 2030) | 1,240 | | | 1,240 | | 2031 Senior Notes (5.25%; unsecured due June 15, 2031) | 744 | | | 743 | | 2032 Senior Notes (1.85%; unsecured due September 15, 2032) | 1,488 | | | 1,488 | | 2033 Senior Notes (4.60%; unsecured due March 15, 2033) | 1,490 | | | 1,490 | | 2040 Senior Notes (2.65%; unsecured due September 15, 2040) | 1,233 | | | 1,233 | | 2048 Senior Notes (4.25%; unsecured due September 21, 2048) | 1,233 | | | 1,233 | | 2050 Senior Notes (3.00%; unsecured due June 15, 2050) | 1,223 | | | 1,223 | | 2052 Senior Notes (4.95%; unsecured due June 15, 2052) | 1,467 | | | 1,467 | | 2060 Senior Notes (3.00%; unsecured due September 15, 2060) | 1,473 | | | 1,473 | | 2062 Senior Notes (5.20%; unsecured due June 15, 2062) | 985 | | | 985 | | | Total long-term debt | 17,349 | | | 17,341 | | | Total debt | $ | 20,281 | | | $ | 20,368 | |
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