Debt and Other Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2022


	Effective interest rate at December 31,		December 31,		December 31,
(Dollars in millions)	2022		2022		2021
Commercial Paper	2.60	%	$	310	$	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	1.03	%	1,350		1,350
Floating Rate (EURIBOR + 0.20%) 2-Year Senior Notes Due 11/18/2023 (euro-denominated)	1.85	%	1,819		1,933
0.000% 2-Year Senior Notes Due 11/18/2023 (euro-denominated)	0.06	%	589		625
0.75% 8-Year Senior Notes, Due 9/12/2024 (euro-denominated)	0.93	%	1,071		1,137
Floating Rate (SOFR + 0.53%) 3-Year Senior Notes, Due 10/18/2024			500		500
1.215% 3-Year Senior Notes, Due 10/18/2024	1.42	%	2,500		2,500
0.125% 5.5-Year Senior Notes, Due 3/1/2025 (euro-denominated)	0.40	%	857		910
2.00% 10-Year Senior Notes, Due 4/15/2025 (euro-denominated)	2.09	%	686		728
0.853% 3-Year Senior Notes, Due 10/20/2025 (yen-denominated)	1.05	%	170		—
0.000% 4-Year Senior Notes Due 11/18/2025 (euro-denominated)	0.15	%	589		625
3.65% 10-Year Senior Notes, Due 12/15/2025			—		350
3.20% 3-Year Senior Notes, Due 1/21/2026 (euro-denominated)	3.38	%	535		—
1.40% 8.5-Year Senior Notes, Due 1/23/2026 (euro-denominated)	1.52	%	749		796
1.45% 10-Year Senior Notes, Due 3/16/2027 (euro-denominated)	1.65	%	535		568
1.75% 7-Year Senior Notes, Due 4/15/2027 (euro-denominated)	1.96	%	642		682
1.054% 5-Year Senior Notes, Due 10/20/2027 (yen-denominated)	1.18	%	221		—
4.80% 5-Year Senior Notes, Due 11/21/2027	5.00	%	600		—
0.50% 8.5-Year Senior Notes, Due 3/1/2028 (euro-denominated)	0.77	%	857		910


	Effective interest rate at December 31,		December 31,		December 31,
(Dollars in millions)	2022		2022		2021
1.375% 12-Year Senior Notes, Due 9/12/2028 (euro-denominated)	1.46	%	642		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)	2.07	%	749		796
2.60% 10-Year Senior Notes, Due 10/1/2029	2.74	%	900		900
1.279% 7-Year Senior Notes, Due 10/19/2029 (yen-denominated)	1.44	%	36		—
0.80% 9-Year Senior Notes, Due 10/18/2030 (euro-denominated)	0.88	%	1,873		1,990
0.875% 12-Year Senior Notes, Due 10/1/2031 (euro-denominated)	1.13	%	963		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)	2.54	%	642		682
1.49% 10-Year Senior Notes, Due 10/20/2032 (yen-denominated)	1.60	%	48		—
4.95% 10-Year Senior Notes, Due 11/21/2032	5.09	%	600		—
1.125% 12-Year Senior Notes, Due 10/18/2033 (euro-denominated)	1.20	%	1,606		1,706
3.65% 12-Year Senior Notes, Due 11/21/2034 (euro-denominated)	3.76	%	803		—
2.875% 20-Year Senior Notes, Due 7/24/2037 (euro-denominated)	2.94	%	749		796
1.50% 20-Year Senior Notes, Due 10/1/2039 (euro-denominated)	1.73	%	963		1,023
2.80% 20-Year Senior Notes, Due 10/15/2041	2.90	%	1,200		1,200
1.625% 20-Year Senior Notes, Due 10/18/2041 (euro-denominated)	1.77	%	1,339		1,421
2.069% 20-Year Senior Notes, Due 10/20/2042 (yen-denominated)	2.13	%	111		—
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	%	1,071		1,137
2.00% 30-Year Senior Notes, Due 10/18/2051 (euro-denominated)	2.06	%	803		853
2.382% 30-Year Senior Notes, Due 10/18/2052 (yen-denominated)	2.43	%	254		—
Other			79		76
Total borrowings at par value			34,561		34,971

Unamortized discount			(112)		(117)
Unamortized debt issuance costs			(171)		(184)
Total borrowings at carrying value			34,278		34,670
Finance lease liabilities			210		200
Less: Short-term obligations and current maturities			5,579		2,537
Long-term obligations			$	28,909	$	32,333

SOFR - Secured Overnight Financing Rate

EURIBOR - Euro Interbank Offered Rate

Schedule of Annual Repayment Requirements for Debt Obligations

As of December 31, 2022, the annual repayment requirements for debt obligations are as follows:


(In millions)	Borrowings		Finance Lease Liabilities
2023	$	5,583	$	11
2024	4,071		16
2025	2,298		12
2026	1,285		11
2027	1,999		10
2028 and thereafter	19,325		150
	$	34,561	$	210