Debt and Other Financing Arrangements (Tables)

6 Months Ended

Jun. 27, 2020

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

	Effective Interest Rate at June 27,		June 27,		December 31,
(Dollars in millions)	2020		2020		2019
Floating Rate 2-Year Senior Notes, Due 8/7/2020 (euro-denominated)	0.04	%	$	673	$	673
2.15% 7-Year Senior Notes, Due 7/21/2022 (euro-denominated)	2.27	%	561		561
3.00% 7-Year Senior Notes, Due 4/15/2023	1.87	%	1,000		1,000
4.15% 10-Year Senior Notes, Due 2/1/2024	4.16	%	1,000		1,000
0.75% 8-Year Senior Notes, Due 9/12/2024 (euro-denominated)	0.94	%	1,122		1,121
0.125% 5.5-Year Senior Notes, Due 3/1/2025 (euro-denominated)	0.41	%	898		897
4.133% 5-Year Senior Notes, Due 3/25/2025	4.32	%	1,100		—
2.00% 10-Year Senior Notes, Due 4/15/2025 (euro-denominated)	2.10	%	719		717
3.65% 10-Year Senior Notes, Due 12/15/2025	3.77	%	350		350
1.40% 8.5-Year Senior Notes, Due 1/23/2026 (euro-denominated)	1.53	%	785		785
2.95% 10-Year Senior Notes, Due 9/19/2026	3.19	%	1,200		1,200
1.45% 10-Year Senior Notes, Due 3/16/2027 (euro-denominated)	1.65	%	561		561
1.75% 7-Year Senior Notes, Due 4/15/2027 (euro-denominated)	1.97	%	673		—
3.20% 10-Year Senior Notes, Due 8/15/2027	3.39	%	750		750
0.50% 8.5-Year Senior Notes, Due 3/1/2028 (euro-denominated)	0.77	%	898		897
1.375% 12-Year Senior Notes, Due 9/12/2028 (euro-denominated)	1.46	%	673		673
1.95% 12-Year Senior Notes, Due 7/24/2029 (euro-denominated)	2.08	%	785		785
2.60% 10-Year Senior Notes, Due 10/1/2029	2.74	%	900		900
4.497% 10-Year Senior Notes, Due 3/25/2030	5.31	%	1,100		—
0.875% 12-Year Senior Notes, Due 10/1/2031 (euro-denominated)	1.13	%	1,009		1,009
2.375% 12-Year Senior Notes, Due 4/15/2032 (euro-denominated)	2.55	%	673		—
2.875% 20-Year Senior Notes, Due 7/24/2037 (euro-denominated)	2.94	%	785		785
1.50% 20-Year Senior Notes, Due 10/1/2039 (euro-denominated)	1.73	%	1,009		1,009
5.30% 30-Year Senior Notes, Due 2/1/2044	5.37	%	400		400
4.10% 30-Year Senior Notes, Due 8/15/2047	4.23	%	750		750
1.875% 30-Year Senior Notes, Due 10/1/2049 (euro-denominated)	1.98	%	1,122		1,121
Other			9		16
Total Borrowings at Par Value			21,505		17,960
Fair Value Hedge Accounting Adjustments			30		(13)
Unamortized Discount, Net			(101)		(94)
Unamortized Debt Issuance Costs			(121)		(101)
Total Borrowings at Carrying Value			21,313		17,752
Less: Short-term Obligations and Current Maturities			675		676
Long-term Obligations			$	20,638	$	17,076

Schedule of Derivative Instruments [Table Text Block]

	Aggregate Notional Amount		Pay Rate as of
(Dollars in millions)		Pay Rate	June 27, 2020		Receive Rate
3.00% Senior Notes due 2023 (a)	1,000	1-month LIBOR + 1.7640%	1.9488	%	3.00	%

(a) The payments on $900 million notional value of these interest rate swaps are offset in part by cross-currency interest rate swaps which effectively reduced the pay rate as of June 27, 2020 from 1.95% to a weighted average of 1.34%.