Total outstanding long-term debt is summarized below (in millions, except percentages): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Maturity | | Coupon Rate | | Effective Interest Rate | | As of
December 31, 2025 | | As of
September 30, 2026 | | Debt | | | | | | | | | | | | 2016 US dollar notes | | 2026 | | 2.00% | | 2.23% | | $ | 2,000 | | | $ | 0 | | | 2020 US dollar notes | | 2027 - 2060 | | 0.80% - 2.25% | | 0.93% - 2.33% | | 9,000 | | | 9,000 | | 2025 US dollar notes(1) | | 2028 - 2075 | | 3.88% - 5.70% | | 4.00% - 5.79% | | 22,500 | | | 22,500 | | 2025 Euro notes(2) | | 2028 - 2064 | | 2.38% - 4.38% | | 2.57% - 4.51% | | 15,585 | | | 15,057 | | 2026 US dollar notes(1) | | 2028 - 2066 | | 3.70% - 6.50% | | 3.93% - 6.57% | | 0 | | | 45,000 | | 2026 Sterling notes(2) | | 2029 - 2126 | | 4.13% - 6.13% | | 4.23% - 6.19% | | 0 | | | 7,287 | | 2026 Swiss franc notes(2) | | 2029 - 2051 | | 0.43% - 1.87% | | 0.52% - 1.90% | | 0 | | | 3,671 | | 2026 Euro notes(2) | | 2030 - 2063 | | 3.20% - 4.80% | | 3.29% - 4.88% | | 0 | | | 10,228 | | 2026 Canadian dollar notes(2) | | 2031 - 2056 | | 3.65% - 5.00% | | 3.83% - 5.10% | | 0 | | | 6,001 | | 2026 Japanese yen notes(2) | | 2029 - 2066 | | 1.97% - 4.60% | | 2.04% - 4.64% | | 0 | | | 3,659 | | 2026 Australian dollar notes(1)(2) | | 2029 - 2046 | | 5.20% - 6.90% | | 5.32% - 7.03% | | 0 | | | 3,861 | | Other long-term debt | | | | | | | | 0 | | | 1,221 | | | Total face value of long-term debt | | | | | | | | 49,085 | | | 127,485 | | Unamortized discount and debt issuance costs(2) | | | | | | | | (542) | | | (1,110) | | Hedge accounting fair value adjustments(3) | | | | | | | | 0 | | | (257) | | Less: current portion of long-term notes(4) | | | | | | | | (1,996) | | | (1,016) | | | Total long-term debt | | | | | | | | $ | 46,547 | | | $ | 125,102 | |
(1)Includes floating-rate notes consisting of $1.8 billion in US dollar notes with interest calculated using the compounded Secured Overnight Financing Rate (SOFR) plus 0.44% to 0.60%, and A$2.3 billion in Australian dollar notes calculated using the Bank Bill Swap Rate (BBSW) plus 0.65% to 0.90%. Interest on these notes is reset quarterly. (2)Principal, unamortized discount, and debt issuance costs for the foreign currency-denominated notes include the effect of foreign exchange rates. (3)Includes fair value adjustments for fixed-rate notes in fair value hedge relationships. See Note 3 for further details. (4)Total current portion of long-term debt is included within accrued expenses and other current liabilities. See Note 7 for further details.
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