v3.26.1
BORROWINGS AND LINES OF CREDIT (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt
Short-term borrowings and current portion of long-term debt consisted of the following:

(In millions)June 30,
2026
December 31,
2025
Commercial paper$685 $325 
Short-term borrowings37 35 
Current portion of long-term debt916 108 
Short-term borrowings and current portion of long-term debt$1,638 $468 
Schedule of Long-Term Debt
Long-term debt consisted of the following:

(In millions)June 30,
2026
December 31,
2025
2.493% Notes due 2027 (1)
$900 $900 
4.125% Notes due 2028
853 883 
2.722% Notes due 2030
2,000 2,000 
2.700% Notes due 2031
750 750 
4.500% Notes due 2032
966 1,001 
5.900% Notes due 2034
875 875 
3.625% Notes due 2037
853 883 
3.377% Notes due 2040
1,500 1,500 
3.577% Notes due 2050
1,400 1,400 
6.200% Notes due 2054
650 650 
Total long-term notes10,747 10,842 
Japanese Term Loan Facility334 345 
Other debt (including project financing obligations and finance leases)222 364 
Discounts and debt issuance costs(73)(78)
Total long-term debt11,230 11,473 
Less: current portion of long-term debt916 108 
Long-term debt, net of current portion$10,314 $11,365 
(1) 2.493% Notes due February 27, 2027; reclassified to Current portion of long-term debt.