v3.26.1
DEBT AND FINANCING ARRANGEMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The carrying value of our outstanding debt obligations as of March 31, 2026 and December 31, 2025 consisted of the following (in millions):
Principal
Amount
Carrying Value
Maturity20262025
Fixed-rate senior notes:
2.400% senior notes
$500 2026$500 $500 
3.050% senior notes
1,000 2027998 998 
3.400% senior notes
750 2029748 748 
2.500% senior notes
400 2029399 399 
4.450% senior notes
750 2030747 747 
4.650% senior notes
500 2030498 498 
4.875% senior notes
900 2033896 896 
5.150% senior notes
900 2034894 894 
5.250% senior notes
1,250 20351,240 1,240 
6.200% senior notes
1,500 20381,487 1,487 
5.200% senior notes
500 2040495 495 
4.875% senior notes
500 2040492 492 
3.625% senior notes
375 2042369 369 
3.400% senior notes
500 2046493 493 
3.750% senior notes
1,150 20471,138 1,138 
4.250% senior notes
750 2049744 744 
3.400% senior notes
700 2049689 689 
5.300% senior notes
1,250 20501,232 1,232 
5.050% senior notes
1,100 20531,082 1,083 
5.500% senior notes
1,100 20541,087 1,087 
5.950% senior notes
1,250 20551,232 1,232 
5.600% senior notes
600 2064590 590 
6.050% senior notes
1,000 2065985 985 
Floating-rate senior notes:
Floating-rate senior notes1,883 2049-20751,861 1,863 
Debentures:
7.620% debentures
276 2030279 279 
Pound Sterling notes:
5.500% notes
88 203187 89 
5.125% notes
600 2050571 585 
Euro senior notes:
1.000% senior notes
575 2028574 587 
1.500% senior notes
575 2032573 586 
Finance lease obligations
1,085 2026-21181,085 781 
Facility notes, bonds and other
321 2026-2045321 321 
Total debt$24,628 $24,386 $24,127 
Less: current maturities(637)(608)
Long-term debt$23,749 $23,519