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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Carrying Value of Long-Term Debt

The following table is a summary of the Company’s borrowings as of December 31:
In millions
2018
    
2017
Short-term debt
 
 
 
Commercial paper
$
720

 
$
1,276

 
 
 
 
Long-term debt
 
 
 
1.9% senior notes due July 2018

 
2,250

2.25% senior notes due December 2018

 
1,250

2.2% senior notes due March 2019
375

 

2.25% senior notes due August 2019
850

 
850

3.125% senior notes due March 2020
2,000

 

Floating rate notes due March 2020
1,000

 

2.8% senior notes due July 2020
2,750

 
2,750

3.35% senior notes due March 2021
3,000

 

Floating rate notes due March 2021
1,000

 

4.125% senior notes due May 2021
550

 
550

2.125% senior notes due June 2021
1,750

 
1,750

4.125% senior notes due June 2021
500

 

5.45% senior notes due June 2021
600

 

3-Year tranche loan due November 2021
3,000

 

3.5% senior notes due July 2022
1,500

 
1,500

2.75% senior notes due November 2022
1,000

 

2.75% senior notes due December 2022
1,250

 
1,250

4.75% senior notes due December 2022
399

 
399

3.7% senior notes due March 2023
6,000

 

2.8% senior notes due June 2023
1,300

 

4% senior notes due December 2023
1,250

 
1,250

3.375% senior notes due August 2024
650

 
650

3.5% senior notes due November 2024
750

 

5% senior notes due December 2024
299

 
299

4.1% senior notes due March 2025
5,000

 

3.875% senior notes due July 2025
2,828

 
2,828

2.875% senior notes due June 2026
1,750

 
1,750

6.25% senior notes due June 2027
372

 
372

4.3% senior notes due March 2028
9,000

 

4.875% senior notes due July 2035
652

 
652

3.25% senior exchange debentures due December 2035

 
1

6.625% senior notes due June 2036
771

 

6.75% senior notes due December 2037
533

 

4.78% senior notes due March 2038
5,000

 

6.125% senior notes due September 2039
447

 
447

5.75% senior notes due May 2041
133

 
133

4.5% senior notes due May 2042
500

 

4.125% senior notes due November 2042
500

 

5.3% senior notes due December 2043
750

 
750

4.75% senior notes due March 2044
375

 

5.125% senior notes due July 2045
3,500

 
3,500

3.875% senior notes due August 2047
1,000

 

5.05% senior notes due March 2048
8,000

 

Capital lease obligations
642

 
670

Other
19

 
43

Total debt principal
74,265

 
27,170

Debt premiums
302

 
28

Debt discounts and deferred financing costs
(1,138
)
 
(196
)
 
73,429

 
27,002

Less:
 
 
 
Short-term debt (commercial paper)
(720
)
 
(1,276
)
Current portion of long-term debt
(1,265
)
 
(3,545
)
Long-term debt
$
71,444

 
$
22,181


Schedule of Maturities of Long-term Debt
The following is a summary of the Company’s required principal debt repayments due during each of the next five years and thereafter, as of December 31, 2018:
 
 
In millions
 
2019
$
1,985

2020
5,775

2021
10,427

2022
4,178

2023
8,581

Thereafter
43,319

Total
$
74,265