Debt (Tables)

3 Months Ended

Mar. 04, 2022

Debt Disclosure [Abstract]

Carrying value of outstanding debt

The carrying values of our borrowings as of March 4, 2022 and December 3, 2021 were as follows:

(dollars in millions)	Issuance Date	Due Date	Effective Interest Rate	2022		2021
1.70% 2023 Notes	February 2020	February 2023	1.92%	$	500	$	500
1.90% 2025 Notes	February 2020	February 2025	2.07%	500		500
3.25% 2025 Notes	January 2015	February 2025	3.67%	1,000		1,000
2.15% 2027 Notes	February 2020	February 2027	2.26%	850		850
2.30% 2030 Notes	February 2020	February 2030	2.69%	1,300		1,300
Total debt outstanding, at par				$	4,150	$	4,150
Current portion of debt, at par				(500)		—
Unamortized discount and debt issuance costs				(24)		(27)
Carrying value of long-term debt				$	3,626	$	4,123
Current portion of debt, at par				$	500	$	—
Unamortized discount and debt issuance costs				(1)		—
Carrying value of current debt				$	499	$	—