Debt and Credit Agreements (Tables)


	September 30, 2026		December 31, 2025
2.50% notes due 2026	$	1,500	$	1,500
1.10% notes due 2027	1,000		1,000
3.50% euro notes due 2027	—		763
4.65% notes due 2027	—		1,150
4.95% notes due 2028	—		500

2.25% euro notes due 2028	—		881


4.25% notes due 2029	—		750
2.70% notes due 2029	750		750
4.875% notes due 2029	—		500
4.70% notes due 2030	—		1,000
3.375% euro notes due 2030	408		881
1.95% notes due 2030	949		949

4.95% notes due 2031	226		500
1.75% notes due 2031	1,496		1,496
4.75% notes due 2032	281		650
0.75% euro notes due 2032	571		587
3.75% euro notes due 2032	203		587

5.00% notes due 2033	460		1,100
4.50% notes due 2034	1,000		1,000
4.125% euro notes due 2034	610		1,174
5.00% notes due 2035	517		1,450

3.75% euro notes due 2036	429		881
5.70% notes due 2036	226		441
5.70% notes due 2037	220		462
5.375% notes due 2041	196		417

3.812% notes due 2047	442		442
2.80% notes due 2050	701		701
5.25% notes due 2054	537		1,750

5.35% notes due 2064	189		650

4.37% term loan due 2027	—		1,000
One month term SOFR plus 0.875% term loan due 2027	1,250		2,750
6.625% debentures due 2028	141		201
9.065% debentures due 2033	40		51
Industrial development bond obligations, floating rate maturing at various dates through 2037	12		22
Other (including finance leases), 2.9% weighted average interest rate maturing at various dates through 2040	109		101
Fair value of hedging instruments	(105)		(79)
Debt issuance costs	(189)		(280)
Total Long-term debt and current related maturities	14,169		28,678
Less: Current maturities of long-term debt	3,783		1,541
Total Long-term debt	$	10,386	$	27,137


	Principal Amount
3.50% euro notes due 2027	$	529
2.25% euro notes due 2028	528
3.375% euro notes due 2030	455
4.95% notes due 2031	274
4.75% notes due 2032	369
3.75% euro notes due 2032	373
5.0% notes due 2033	640
4.125% euro notes due 2034	539
5.0% notes due 2035	933
3.75% euro notes due 2036	434
5.70% notes due 2036	215
5.70% notes due 2037	241
5.375% notes due 2041	221
5.250% notes due 2054	1,213
5.350% notes due 2064	461
6.625% debentures due 2028	60
9.065% debentures due 2033	11

In addition, in March and April 2026, the Company fully redeemed the following notes:


	Principal Amount
4.65% notes due 2027	$	1,150
4.95% notes due 2028	500
4.25% notes due 2029	750
4.875% notes due 2029	500
4.70% notes due 2030	1,000
3.50% euro notes due 2027	224
2.25% euro notes due 2028	342

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details