Debt and Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings and Related Weighted-Average Interest Rates

Our short-term borrowings and related weighted-average interest rates consisted of:

	As of December 31,
	2019				2018
	Amount Outstanding		Weighted- Average Rate		Amount Outstanding		Weighted- Average Rate
	(in millions)				(in millions)
Commercial paper	$	2,581	2.0	%	$	3,054	2.9	%
Bank loans	57		5.2	%	138		10.5	%
Total short-term borrowings	$	2,638			$	3,192

Schedule of Long-Term Debt

Our long-term debt consisted of (interest rates are as of December 31, 2019):

	As of December 31,
	2019			2018
	(in millions)
U.S. dollar notes, 0.163% to 7.000% (weighted-average effective rate 3.107%),    due through 2048	$	9,442		$	9,492
Euro notes, 0.875% to 2.375% (weighted-average effective rate 1.696%),    due through 2035	3,968			3,492
Pound sterling notes, 3.875% to 4.500% (weighted-average effective rate 4.151%),    due through 2045	346			333
Swiss franc notes, 0.050% to 1.125% (weighted-average effective rate 0.703%),    due through 2025	1,449			1,424
Canadian dollar notes, 3.250% (effective rate 3.320%),    due through 2025	460			437
Finance leases and other obligations	123			2
Total	15,788			15,180
Less current portion of long-term debt	(1,581		)	(2,648		)
Long-term debt	$	14,207		$	12,532

Schedule of Aggregate Maturities of Debt and Capital Leases Based on Stated Contractual Maturities

As of December 31, 2019, aggregate maturities of our debt and finance leases based on stated contractual maturities, excluding unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments of $(76) million and imputed interest on finance leases of $(11) million, were (in millions):

2020	2021	2022	2023	2024	Thereafter	Total
$1,587	$3,356	$1,739	$1,824	$1,834	$5,535	$15,875

Schedule of Interest and Other Expense Net Within Results of Continuing Operations

Interest and other expense, net within our results of continuing operations consisted of:

	For the Years Ended December 31,
	2019			2018			2017
	(in millions)
Interest expense, debt	$	484		$	462		$	396
Loss on debt extinguishment and related expenses	—			140			11
Loss/(gain) related to interest rate swaps	111			(10		)	—
Other (income)/expense, net	(139		)	(72		)	(25		)
Interest and other expense, net	$	456		$	520		$	382