v3.26.1
Debt - Summary of Outstanding Debt (Details)
€ in Millions, $ in Millions
1 Months Ended 6 Months Ended 12 Months Ended
Jan. 31, 2026
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Jun. 30, 2026
EUR (€)
SHORT-TERM          
Commercial paper   $ 4,531   $ 4,226  
Other bank borrowings (primarily non-U.S.)   330   284  
Total short-term debt   4,861   4,510  
LONG-TERM          
Carrying value of long-term debt portfolio   23,152   22,479  
Less: current portion of long-term debt   (2,474)   (1,796)  
Total long-term debt   20,678   20,683  
Total debt   28,013   $ 26,989  
Repayments of notes   759 $ 1,645    
US Long-term 3.20% Due 2026          
LONG-TERM          
Interest rate 3.20%     3.20%  
Carrying value of long-term debt portfolio   $ 0   $ 725  
Repayments of notes $ 725        
Euro Denominated 0.00% Notes Due 2026          
LONG-TERM          
Interest rate   0.00%     0.00%
Carrying value of long-term debt portfolio   $ 799   822  
US Long-term 3.434% Notes Due 2026          
LONG-TERM          
Interest rate   3.434%     3.434%
Carrying value of long-term debt portfolio   $ 200   200  
Euro Denominated 1.652% Notes Due 2027          
LONG-TERM          
Interest rate   1.652%     1.652%
Carrying value of long-term debt portfolio   $ 92   95  
Euro Denominated 0.250% Notes Due 2027          
LONG-TERM          
Interest rate   0.25%     0.25%
Carrying value of long-term debt portfolio   $ 856   880  
Euro Denominated 1.00% Notes Due 2027          
LONG-TERM          
Interest rate   1.00%     1.00%
Carrying value of long-term debt portfolio   $ 574   589  
Euro Denominated 2.439% Notes Due 2027          
LONG-TERM          
Interest rate   2.439%     2.439%
Carrying value of long-term debt portfolio   $ 685   705  
Euro Denominated 1.00% Notes Due 2028          
LONG-TERM          
Interest rate   1.00%     1.00%
Carrying value of long-term debt portfolio   $ 836   854  
Euro Denominated 1.00% Notes Due 2028 | Derivatives designated as hedging instruments - fair value | Interest rate swaps | Designated as hedging instrument          
LONG-TERM          
Fair value increase   $ 19   25  
Euro Denominated 2.604% Notes Due 2028          
LONG-TERM          
Interest rate   2.604%     2.604%
Carrying value of long-term debt portfolio   $ 685   0 € 600
Euro Denominated 3.00% Notes Due 2028          
LONG-TERM          
Interest rate   3.00%     3.00%
Carrying value of long-term debt portfolio   $ 798   820  
Euro Denominated 3.375% Notes Due 2029          
LONG-TERM          
Interest rate   3.375%     3.375%
Carrying value of long-term debt portfolio   $ 854   878  
Euro Denominated 2.625% Notes Due 2029          
LONG-TERM          
Interest rate   2.625%     2.625%
Carrying value of long-term debt portfolio   $ 968   994  
Swiss Franc Denominated 0.6150% Notes Due 2029          
LONG-TERM          
Interest rate   0.615%     0.615%
Carrying value of long-term debt portfolio   $ 278   283  
US Long-term 1.10% Notes Due 2030          
LONG-TERM          
Interest rate   1.10%     1.10%
Carrying value of long-term debt portfolio   $ 698   698  
Euro Denominated 1.90% Notes Due 2030          
LONG-TERM          
Interest rate   1.90%     1.90%
Carrying value of long-term debt portfolio   $ 117   120  
Euro Denominated 3.200% Notes Due 2030          
LONG-TERM          
Interest rate   3.20%     3.20%
Carrying value of long-term debt portfolio   $ 569   0 € 500
Euro Denominated 3.375% Notes Due 2030          
LONG-TERM          
Interest rate   3.375%     3.375%
Carrying value of long-term debt portfolio   $ 853   877  
Euro Denominated 1.375% Notes Due 2031          
LONG-TERM          
Interest rate   1.375%     1.375%
Carrying value of long-term debt portfolio   $ 861   884  
Euro Denominated 3.20% Notes Due 2031          
LONG-TERM          
Interest rate   3.20%     3.20%
Carrying value of long-term debt portfolio   $ 969   997  
Euro Denominated 0.550% Notes Due 2032          
LONG-TERM          
Interest rate   0.55%     0.55%
Carrying value of long-term debt portfolio   $ 853   877  
Euro Denominated 3.125% Notes Due 2032          
LONG-TERM          
Interest rate   3.125%     3.125%
Carrying value of long-term debt portfolio   $ 736   759  
Euro Denominated 0.375% Notes Due 2033          
LONG-TERM          
Interest rate   0.375%     0.375%
Carrying value of long-term debt portfolio   $ 566   582  
Euro Denominated 3.00% Notes Due 2033          
LONG-TERM          
Interest rate   3.00%     3.00%
Carrying value of long-term debt portfolio   $ 853   877  
Swiss Franc Denominated 1.0629% Notes Due 2033          
LONG-TERM          
Interest rate   1.0629%     1.0629%
Carrying value of long-term debt portfolio   $ 339   346  
Euro Denominated 3.625% Notes Due 2034          
LONG-TERM          
Interest rate   3.625%     3.625%
Carrying value of long-term debt portfolio   $ 740   760  
Euro Denominated 3.500% Notes Due 2034          
LONG-TERM          
Interest rate   3.50%     3.50%
Carrying value of long-term debt portfolio   $ 850   874  
Euro Denominated 1.625% Notes Due 2035          
LONG-TERM          
Interest rate   1.625%     1.625%
Carrying value of long-term debt portfolio   $ 909   934  
Euro Denominated 3.40% Notes Due 2036          
LONG-TERM          
Interest rate   3.40%     3.40%
Carrying value of long-term debt portfolio   $ 794   816  
Euro Denominated 3.800% Notes Due 2036          
LONG-TERM          
Interest rate   3.80%     3.80%
Carrying value of long-term debt portfolio   $ 567   0 € 500
Euro Denominated 3.250% Notes Due 2037          
LONG-TERM          
Interest rate   3.25%     3.25%
Carrying value of long-term debt portfolio   $ 736   756  
Euro Denominated 3.750% Notes Due 2038          
LONG-TERM          
Interest rate   3.75%     3.75%
Carrying value of long-term debt portfolio   $ 565   582  
US Long-term 3.55% Notes Due 2042          
LONG-TERM          
Interest rate   3.55%     3.55%
Carrying value of long-term debt portfolio   $ 666   666  
Euro Denominated 3.75% Notes Due 2044          
LONG-TERM          
Interest rate   3.75%     3.75%
Carrying value of long-term debt portfolio   $ 788   810  
US Long-term 2.00% Notes Due 2050          
LONG-TERM          
Interest rate   2.00%     2.00%
Carrying value of long-term debt portfolio   $ 297   297  
Euro Denominated 1.00% Notes Due 2051          
LONG-TERM          
Interest rate   1.00%     1.00%
Carrying value of long-term debt portfolio   $ 782   805  
Non-U.S. borrowings          
LONG-TERM          
Carrying value of long-term debt portfolio   419   307  
Other          
LONG-TERM          
Carrying value of long-term debt portfolio   $ 0   $ 10