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Debt (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of debt, net of discounts and debt issuance costs
The Company’s debt consisted of the following:
(In millions)March 31, 2024December 31, 2023
Short-term and current maturities of long-term debt:
Foreign lines of credit$380 $442 
Finance lease and other financing obligations291 313 
Total short-term and current maturities of long-term debt$671 $755 
Long-term debt:
2.750% senior notes due July 2024
$2,000 $2,000 
3.850% senior notes due June 2025
900 900 
2.250% senior notes due July 2025 (British Pound-denominated)
662 672 
3.200% senior notes due July 2026
2,000 2,000 
5.150% senior notes due March 2027
750 — 
2.250% senior notes due June 2027
1,000 1,000 
1.125% senior notes due July 2027 (Euro-denominated)
541 555 
5.450% senior notes due March 2028
900 900 
5.375% senior notes due August 2028
700 700 
4.200% senior notes due October 2028
1,000 1,000 
3.500% senior notes due July 2029
3,000 3,000 
2.650% senior notes due June 2030
1,000 1,000 
1.625% senior notes due July 2030 (Euro-denominated)
541 555 
5.350% senior notes due March 2031
500 — 
4.500% senior notes due May 2031 (Euro-denominated)
865 889 
3.000% senior notes due July 2031 (British Pound-denominated)
662 672 
5.600% senior notes due March 2033
900 900 
5.625% senior notes due August 2033
1,300 1,300 
5.450% senior notes due March 2034
750 — 
4.400% senior notes due July 2049
2,000 2,000 
U.S. dollar commercial paper notes— 418 
Euro commercial paper notes1,286 1,321 
Revolving credit facility— 74 
Unamortized discount and deferred financing costs(152)(145)
Finance lease and other financing obligations649 652 
Total long-term debt$23,754 $22,363 
Schedule of short-term debt
The following table provides a summary of the outstanding borrowings and weighted average interest rates of the Company’s foreign lines of credit and other borrowing arrangements by country at March 31, 2024 and December 31, 2023:
Outstanding Borrowings (in millions)
Weighted-Average Interest Rate
March 31, 2024December 31, 2023March 31, 2024December 31, 2023
Argentina
$155 $208 83.821 %121.581 %
Brazil
120 123 12.628 %13.500 %
Uruguay
65 55 10.695 %11.125 %
Other
40 56 3.658 %4.912 %
Total
$380 $442 40.354 %63.060 %