Borrowings and Credit Arrangements (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Carrying value of long-term debt

The following table is a summary of the Company’s borrowings as of December 31, 2021 and 2020:

In millions	2021		2020
Long-term debt
3.35% senior notes due March 2021	$	—	$	2,038
Floating rate notes due March 2021 (0.950% at December 31, 2020)	—		1,000
4.125% senior notes due May 2021	—		222
2.125% senior notes due June 2021	—		1,750
4.125% senior notes due June 2021	—		203
5.45% senior notes due June 2021	—		187
3.5% senior notes due July 2022	1,500		1,500
2.75% senior notes due November 2022	1,000		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	—		2,336
2.8% senior notes due June 2023	1,300		1,300
4% senior notes due December 2023	414		414
3.375% senior notes due August 2024	650		650
2.625% senior notes due August 2024	1,000		1,000
3.5% senior notes due November 2024	750		750
5% senior notes due December 2024	299		299
4.1% senior notes due March 2025	950		950
3.875% senior notes due July 2025	2,828		2,828
2.875% senior notes due June 2026	1,750		1,750
3% senior notes due August 2026	750		750
3.625% senior notes due April 2027	750		750
6.25% senior notes due June 2027	372		372
1.3% senior notes due August 2027	2,250		2,250
4.3% senior notes due March 2028	5,000		7,050
3.25% senior notes due August 2029	1,750		1,750
3.75% senior notes due April 2030	1,500		1,500
1.75% senior notes due August 2030	1,250		1,250
1.875% senior notes due February 2031	1,250		1,250
2.125% senior notes due September 2031	1,000		—
4.875% senior notes due July 2035	652		652
6.625% senior notes due June 2036	771		771
6.75% senior notes due December 2037	533		533
4.78% senior notes due March 2038	5,000		5,000
6.125% senior notes due September 2039	447		447
4.125% senior notes due April 2040	1,000		1,000
2.7% senior notes due August 2040	1,250		1,250
5.75% senior notes due May 2041	133		133
4.5% senior notes due May 2042	500		500
4.125% senior notes due November 2042	500		500
5.3% senior notes due December 2043	750		750
4.75% senior notes due March 2044	375		375
5.125% senior notes due July 2045	3,500		3,500
3.875% senior notes due August 2047	1,000		1,000
5.05% senior notes due March 2048	8,000		8,000
4.25% senior notes due April 2050	750		750
Finance lease liabilities	1,300		1,083
Other	320		326
Total debt principal	56,743		65,318
Debt premiums	219		238
Debt discounts and deferred financing costs	(786)		(909)
	56,176		64,647
Less:
Current portion of long-term debt	(4,205)		(5,440)
Long-term debt	$	51,971	$	59,207

Schedule of maturities of long-term debt

The following is a summary of the Company’s required repayments of debt principal due during each of the next five years and thereafter, as of December 31, 2021:

In millions
2022	$	4,154
2023	1,719
2024	2,706
2025	3,785
2026	2,507
Thereafter	40,572
Subtotal	55,443
Finance lease liabilities (1)	1,300
Total debt principal	$	56,743

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(1)See Note 6 ‘‘Leases’’ for a summary of maturities of the Company’s finance lease liabilities.