Debt and Other Financing Arrangements (Tables)

3 Months Ended

Apr. 02, 2022

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

	Effective interest rate at April 2,		April 2,		December 31,
(Dollars in millions)	2022		2022		2021
Commercial Paper	0.16	%	$	1,852	$	2,522
Floating Rate (SOFR + 0.35%) 1.5-Year Senior Notes, Due 4/18/2023			1,000		1,000
Floating Rate (SOFR + 0.39%) 2-Year Senior Notes, Due 10/18/2023			500		500
0.797% 2-Year Senior Notes, Due 10/18/2023	1.04	%	1,350		1,350
Floating Rate (EURIBOR + 0.20%) 2-Year Senior Notes Due 11/18/2023 (euro-denominated)	0.00	%	1,877		1,933
0.000% 2-Year Senior Notes Due 11/18/2023 (euro-denominated)	0.06	%	607		625
0.75% 8-Year Senior Notes, Due 9/12/2024 (euro-denominated)	0.94	%	1,104		1,137
1.215% 3-Year Senior Notes, Due 10/18/2024	1.42	%	2,500		2,500
Floating Rate (SOFR + 0.53%) 3-Year Senior Notes, Due 10/18/2024			500		500
0.125% 5.5-Year Senior Notes, Due 3/1/2025 (euro-denominated)	0.41	%	883		910
2.00% 10-Year Senior Notes, Due 4/15/2025 (euro-denominated)	2.10	%	707		728
0.000% 4-Year Senior Notes, Due 11/18/2025 (euro-denominated)	0.15	%	607		625
3.65% 10-Year Senior Notes, Due 12/15/2025			—		350
1.40% 8.5-Year Senior Notes, Due 1/23/2026 (euro-denominated)	1.53	%	773		796
1.45% 10-Year Senior Notes, Due 3/16/2027 (euro-denominated)	1.65	%	552		568
1.75% 7-Year Senior Notes, Due 4/15/2027 (euro-denominated)	1.97	%	663		682
0.50% 8.5-Year Senior Notes, Due 3/1/2028 (euro-denominated)	0.77	%	883		910
1.375% 12-Year Senior Notes, Due 9/12/2028 (euro-denominated)	1.46	%	663		682
1.750% 7-Year Senior Notes, Due 10/15/2028	1.89	%	700		700
1.95% 12-Year Senior Notes, Due 7/24/2029 (euro-denominated)	2.08	%	773		796
2.60% 10-Year Senior Notes, Due 10/1/2029	2.74	%	900		900
0.80% 9-Year Senior Notes, Due 10/18/2030 (euro-denominated)	0.89	%	1,933		1,990
0.875% 12-Year Senior Notes, Due 10/1/2031 (euro-denominated)	1.13	%	994		1,023
2.00% 10-Year Senior Notes, Due 10/15/2031	2.23	%	1,200		1,200
2.375% 12-Year Senior Notes, Due 4/15/2032 (euro-denominated)	2.55	%	663		682
1.125% 12-Year Senior Notes, Due 10/18/2033 (euro-denominated)	1.20	%	1,656		1,706
2.875% 20-Year Senior Notes, Due 7/24/2037 (euro-denominated)	2.94	%	773		796
1.50% 20-Year Senior Notes, Due 10/1/2039 (euro-denominated)	1.73	%	994		1,023
2.80% 20-Year Senior Notes, Due 10/15/2041	2.90	%	1,200		1,200

	Effective interest rate at April 2,		April 2,		December 31,
(Dollars in millions)	2022		2022		2021
1.625% 20-Year Senior Notes, Due 10/18/2041 (euro-denominated)	1.77	%	1,380		1,421
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	%	1,104		1,137
2.00% 30-Year Senior Notes, Due 10/18/2051 (euro-denominated)	2.07	%	828		853
Other			76		76
Total borrowings at par value			33,345		34,971
Unamortized discount			(112)		(117)
Unamortized debt issuance costs			(173)		(184)
Total borrowings at carrying value			33,060		34,670
Finance lease liabilities			195		200
Less: Short-term obligations and current maturities			1,866		2,537
Long-term obligations			$	31,389	$	32,333

SOFR - Secured Overnight Financing Rate

EURIBOR - Euro Interbank Offered Rate