DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt Outstanding

At December 31, 2021 and 2020, we had the following debt outstanding:

as of December 31 (in millions)	Effective interest rate in 2021¹		20211		20201
Commercial paper	0.3	%	$	300	$	—
1.7% notes due 2021	1.9	%	—		400
2.4% notes due 2022	2.5	%	203		203
0.868% notes due 2023	1.2	%	797		—
Floating-rate notes due 2023	1.9	%	298		—
0.4% notes due 2024	0.6	%	846		915
1.322% notes due 2024	1.7	%	1,393		—
7.0% notes due 2024	7.0	%	13		—
Floating-rate notes due 2024	0.9	%	298		—
Term loan due 2024	1.8	%	1,998		—
1.3% notes due in 2025	1.4	%	678		734
2.6% notes due 2026	2.7	%	747		746
Term loan due 2026	1.9	%	1,998		—
7.65% debentures due 2027	7.7	%	5		5
1.915% notes due 2027	2.2	%	1,441		—
6.625% debentures due 2028	5.6	%	96		97
2.272% notes due 2028	2.5	%	1,241		—
1.3% notes due 2029	1.4	%	841		912
3.95% notes due 2030	4.0	%	495		495
1.73% notes due 2031	3.2	%	644		644
2.539% notes due 2032	2.7	%	1,537		—
6.25% notes due 2037	6.3	%	265		265
3.65% notes due 2042	3.7	%	6		6
4.5% notes due 2043	4.6	%	256		256
3.5% notes due 2046	3.6	%	441		440
3.132% notes due 2051	3.2	%	742		—
Finance leases and other	9.3	%	81		74
Total debt			17,660		6,192
Short-term debt			(301)		—
Current maturities of long-term debt and finance lease obligations			(210)		(406)
Long-term debt and finance lease obligations			$	17,149	$	5,786

1Book values include any discounts, premiums and adjustments related to hedging instruments and effective interest rates reflect amortization of those items.

Schedule of Maturities of Long-term Debt

Future Debt Maturities

as of and for the years ended December 31 (in millions)	Debt maturities
2022	$	513
2023	1,108
2024	4,567
2025	684
2026	2,754
Thereafter	8,128
Total obligations and commitments	17,754
Discounts, premiums, and adjustments relating to hedging instruments	(94)
Total debt	$	17,660