Long-Term Debt |
| | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | 1.35% notes due 2025 | $ | — | | | $ | 1,250 | | 2.50% notes due 2026 | 1,500 | | | 1,500 | | 1.10% notes due 2027 | 1,000 | | | 1,000 | | 3.50% euro notes due 2027 | 754 | | | 675 | | 4.65% notes due 2027 | 1,150 | | | 1,150 | | 4.95% notes due 2028 | 500 | | | 500 | | 2.25% euro notes due 2028 | 870 | | | 779 | | 4.25% notes due 2029 | 750 | | | 750 | | 2.70% notes due 2029 | 750 | | | 750 | | 4.875% notes due 2029 | 500 | | | 500 | | 4.70% notes due 2030 | 1,000 | | | 1,000 | | 3.375% euro notes due 2030 | 870 | | | 779 | | 1.95% notes due 2030 | 1,000 | | | 1,000 | | 4.95% notes due 2031 | 500 | | | 500 | | 1.75% notes due 2031 | 1,500 | | | 1,500 | | 4.75% notes due 2032 | 650 | | | 650 | | 0.75% euro notes due 2032 | 580 | | | 519 | | 3.75% euro notes due 2032 | 580 | | | 519 | | 5.00% notes due 2033 | 1,100 | | | 1,100 | | 4.50% notes due 2034 | 1,000 | | | 1,000 | | 4.125% euro notes due 2034 | 1,160 | | | 1,039 | | 5.00% notes due 2035 | 1,450 | | | 1,450 | | 3.75% euro notes due 2036 | 870 | | | 779 | | 5.70% notes due 2036 | 441 | | | 441 | | 5.70% notes due 2037 | 462 | | | 462 | | 5.375% notes due 2041 | 417 | | | 417 | | 3.812% notes due 2047 | 442 | | | 442 | | 2.80% notes due 2050 | 750 | | | 750 | | 5.25% notes due 2054 | 1,750 | | | 1,750 | | 5.35% notes due 2064 | 650 | | | 650 | | 4.37% term loan due 2027 | 1,000 | | | 1,000 | | One month term SOFR plus 0.875% term loan due 2027 | 4,000 | | | — | | 6.625% debentures due 2028 | 201 | | | 201 | | 9.065% debentures due 2033 | 51 | | | 51 | | Industrial development bond obligations, floating rate maturing at various dates through 2037 | 22 | | | 22 | | Other (including finance leases), 3.5% weighted average interest rate maturing at various dates through 2031 | 408 | | | 390 | | Fair value of hedging instruments | (87) | | | (136) | | Debt issuance costs | (300) | | | (303) | | Total Long-term debt and current related maturities | 30,241 | | | 26,826 | | Less: Current maturities of long-term debt | 74 | | | 1,347 | | Total Long-term debt | $ | 30,167 | | | $ | 25,479 | |
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