Debt Obligations and Commitments (Tables)

12 Months Ended

Dec. 28, 2019

Debt Obligations and Commitments [Abstract]

Schedule of Long and Short-Term Debt Contractural Commitments

Debt Obligations

The following table summarizes our debt obligations:

	2019(a)			2018(a)
Short-term debt obligations (b)
Current maturities of long-term debt	$	2,848		$	3,953
Other borrowings (6.4% and 6.0%)	72			73
	$	2,920		$	4,026
Long-term debt obligations (b)
Notes due 2019 (3.1%)	—			3,948
Notes due 2020 (2.7% and 3.9%)	2,840			3,784
Notes due 2021 (2.4% and 3.1%)	3,276			3,257
Notes due 2022 (2.7% and 2.8%)	3,831			3,802
Notes due 2023 (2.8% and 2.9%)	1,272			1,270
Notes due 2024 (3.4% and 3.2%)	1,839			1,816
Notes due 2025-2049 (3.4% and 3.7%)	18,910			14,345
Other, due 2019-2026 (1.3% and 1.3%)	28			26
	31,996			32,248
Less: current maturities of long-term debt obligations	(2,848		)	(3,953		)
Total	$	29,148		$	28,295

(a) Amounts are shown net of unamortized net discounts of $163 million and $119 million for 2019 and 2018, respectively.

(b)

The interest rates presented reflect weighted-average effective interest rates at year-end. Certain of our fixed rate indebtedness have been swapped to floating rates through the use of interest rate derivative instruments. See Note 9 for further information regarding our interest rate derivative instruments.