The following table summarizes total long-term debt:


	Maturities	Effective Interest Rate	March 31, 2026	December 31, 2025
			(in millions)

September 2019 debt issuance:


Fixed-rate 2.650% notes	10/1/2026	2.78%		$	1,250	$	1,250
Fixed-rate 2.850% notes	10/1/2029	2.96%		1,500		1,500

May 2020 debt issuance:


Fixed-rate 2.300% notes	6/1/2030	2.39%		1,000		1,000
Fixed-rate 3.250% notes	6/1/2050	3.33%		1,000		1,000

May 2022 debt issuance:
Fixed-rate 3.900% notes	6/1/2027	4.06%		500		500
Fixed-rate 4.400% notes	6/1/2032	4.53%		1,000		1,000
Fixed-rate 5.050% notes	6/1/2052	5.14%		1,000		1,000
Fixed-rate 5.250% notes	6/1/2062	5.34%		500		500

June 2023 debt issuance(1):

¥23 billion fixed-rate 0.972% notes	6/9/2026	1.06%		144		147
¥37 billion fixed-rate 1.240% notes	6/9/2028	1.31%		232		237

May 2024 debt issuance:
Fixed-rate 5.150% notes	6/1/2034	5.35%		850		850
Fixed-rate 5.500% notes	6/1/2054	5.66%		400		400

March 2025 debt issuance:
Floating-rate notes	3/6/2028	4.73%		450		450
Fixed-rate 4.450% notes	3/6/2028	4.66%		450		450
Fixed-rate 5.100% notes	4/1/2035	5.20%		600		600
Total term debt				10,876		10,884
Unamortized premium (discount) and issuance costs, net				(73)		(76)




Less: current portion of term debt(2)				(1,394)		(1,396)
Total carrying amount of term debt				$	9,409	$	9,412

(1) Principal amounts represent the U.S. dollar equivalent as of March 31, 2026 and December 31, 2025, respectively.

(2) The current portion of term debt is included within “accrued expenses and other current liabilities” on our condensed consolidated balance sheets.

As of March 31, 2026, the future principal payments associated with our long-term debt was as follows (in millions):



Remaining 2026	$	1,394
2027	500
2028	1,132
2029	1,500
2030	1,000
Thereafter	5,350
Total	$	10,876