v3.25.2
DEBT AND FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The carrying value of our outstanding debt obligations as of June 30, 2025 and December 31, 2024 consisted of the following (in millions):
Principal
Amount
Carrying Value
Maturity20252024
Fixed-rate senior notes:
3.900% senior notes
$— 2025$— $1,000 
2.400% senior notes
500 2026500 499 
3.050% senior notes
1,000 2027997 997 
3.400% senior notes
750 2029748 748 
2.500% senior notes
400 2029398 398 
4.450% senior notes
750 2030746 746 
4.650% senior notes
500 2030498 — 
4.875% senior notes
900 2033895 895 
5.150% senior notes
900 2034894 894 
5.250% senior notes
1,250 20351,240 — 
6.200% senior notes
1,500 20381,486 1,486 
5.200% senior notes
500 2040494 495 
4.875% senior notes
500 2040492 492 
3.625% senior notes
375 2042369 369 
3.400% senior notes
500 2046492 492 
3.750% senior notes
1,150 20471,138 1,138 
4.250% senior notes
750 2049743 743 
3.400% senior notes
700 2049690 689 
5.300% senior notes
1,250 20501,232 1,232 
5.050% senior notes
1,100 20531,083 1,083 
5.500% senior notes
1,100 20541,087 1,087 
5.950% senior notes
1,250 20551,232 — 
5.600% senior notes
600 2064590 590 
6.050% senior notes
1,000 2065985 — 
Floating-rate senior notes:
Floating-rate senior notes1,944 2049-20751,921 1,755 
Debentures:
7.620% debentures
276 2030279 279 
Pound Sterling notes:
5.500% notes
91 203191 83 
5.125% notes
624 2050594 544 
Euro senior notes:
1.625% senior notes
820 2025820 731 
1.000% senior notes
586 2028584 521 
1.500% senior notes
586 2032584 521 
Finance lease obligations (see note 10)
516 2025-2118516 455 
Facility notes and bonds320 2029-2045320 320 
Other debt2025-2026
Total debt$24,990 $24,740 $21,284 
Less: current maturities(920)(1,838)
Long-term debt$23,820 $19,446