Borrowings (Tables)

12 Months Ended

Dec. 29, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The components of long-term debt are as follows:

(Dollars in Millions)	2019			Effective Rate %	2018		Effective Rate %
4.75% Notes due 2019 (1B Euro 1.1096)(2)/(1B Euro 1.14)(3)	$	—		—	1,139	(2)	5.83
1.875% Notes due 2019	—			—	494		1.93
0.89% Notes due 2019	—			—	300		1.32
1.125% Notes due 2019	—			—	699		1.13
3% Zero Coupon Convertible Subordinated Debentures due 2020	51			3.00	51		3.00
2.95% Debentures due 2020	549			3.15	548		3.15
1.950% Notes due 2020	500			1.99	499		1.99
3.55% Notes due 2021	449			3.67	449		3.67
2.45% Notes due 2021	349			2.48	349		2.48
1.65% Notes due 2021	999			1.65	998		1.65
0.250% Notes due 2022 (1B Euro 1.1096)(2)/(1B Euro 1.14)(3)	1,108		(2)	0.26	1,137	(3)	0.26
2.25% Notes due 2022	998			2.31	996		2.31
6.73% Debentures due 2023	250			6.73	250		6.73
3.375% Notes due 2023	804			3.17	805		3.17
2.05% Notes due 2023	498			2.09	498		2.09
0.650% Notes due 2024 (750MM Euro 1.1096)(2)/(750MM Euro 1.14)(3)	829		(2)	0.68	851	(3)	0.68
5.50% Notes due 2024 (500MM GBP 1.2987)(2)/(500MM GBP 1.2636)(3)	645		(2)	6.75	627	(3)	6.75
2.625% Notes due 2025	748			2.63	748		2.63
2.45% Notes due 2026	1,993			2.47	1,992		2.47
2.95% Notes due 2027	996			2.96	996		2.96
1.150% Notes due 2028 (750MM Euro 1.1096)(2)/(750MM Euro 1.14)(3)	825		(2)	1.21	847	(3)	1.21
2.900% Notes due 2028	1,494			2.91	1,493		2.91
6.95% Notes due 2029	297			7.14	297		7.14
4.95% Debentures due 2033	498			4.95	498		4.95
4.375% Notes due 2033	855			4.24	856		4.24
1.650% Notes due 2035 (1.5B Euro 1.1096)(2)/(1.5B Euro 1.14)(3)	1,649		(2)	1.68	1,693	(3)	1.68
3.55% Notes due 2036	989			3.59	988		3.59
5.95% Notes due 2037	992			5.99	991		5.99
3.625% Notes due 2037	1,487			3.64	1,486		3.64
5.85% Debentures due 2038	696			5.85	696		5.85
3.400% Notes due 2038	991			3.42	990		3.42
4.50% Debentures due 2040	539			4.63	538		4.63
4.85% Notes due 2041	297			4.89	297		4.89
4.50% Notes due 2043	495			4.52	495		4.52
3.70% Notes due 2046	1,973			3.74	1,972		3.74
3.75% Notes due 2047	991			3.76	991		3.76
3.500% Notes due 2048	742			3.52	742		3.52
Other	18			—	24		—

Subtotal	27,594		(4)	3.19	%	(1)	30,320	(4)	3.19	(1	)
Less current portion	1,100						2,636
Total long-term debt	$	26,494					27,684

⁽¹⁾  Weighted average effective rate.

⁽²⁾  Translation rate at December 29, 2019.

⁽³⁾  Translation rate at December 30, 2018.

⁽⁴⁾  The excess of the fair value over the carrying value of debt was $3.0 billion in 2019 and $0.3 billion in 2018.

Aggregate Maturities of Long Term Obligations

Aggregate maturities of long-term debt obligations commencing in 2020 are:

(Dollars in Millions)
2020	2021	2022	2023	2024	After 2024
$1,100	1,797	2,106	1,552	1,474	19,565