Debt and Other Financing Arrangements (Tables)

3 Months Ended

Apr. 01, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

	Effective interest rate at April 1,		April 1,		December 31,
(Dollars in millions)	2023		2023		2022
Commercial Paper	4.15	%	$	824	$	310
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)	2.74	%	1,842		1,819
0.000% 2-Year Senior Notes, Due 11/18/2023 (euro-denominated)	0.06	%	596		589
0.75% 8-Year Senior Notes, Due 9/12/2024 (euro-denominated)	0.93	%	1,084		1,071
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	%	867		857
2.00% 10-Year Senior Notes, Due 4/15/2025 (euro-denominated)	2.10	%	694		686
0.853% 3-Year Senior Notes, Due 10/20/2025 (yen-denominated)	1.05	%	168		170
0.000% 4-Year Senior Notes, Due 11/18/2025 (euro-denominated)	0.15	%	596		589
3.20% 3-Year Senior Notes, Due 1/21/2026 (euro-denominated)	3.39	%	542		535
1.40% 8.5-Year Senior Notes, Due 1/23/2026 (euro-denominated)	1.53	%	759		749
1.45% 10-Year Senior Notes, Due 3/16/2027 (euro-denominated)	1.65	%	542		535
1.75% 7-Year Senior Notes, Due 4/15/2027 (euro-denominated)	1.96	%	650		642
1.054% 5-Year Senior Notes, Due 10/20/2027 (yen-denominated)	1.18	%	217		221
4.80% 5-Year Senior Notes, Due 11/21/2027	5.00	%	600		600
0.50% 8.5-Year Senior Notes, Due 3/1/2028 (euro-denominated)	0.77	%	867		857
1.375% 12-Year Senior Notes, Due 9/12/2028 (euro-denominated)	1.46	%	650		642
1.75% 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	%	759		749
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	%	35		36
0.80% 9-Year Senior Notes, Due 10/18/2030 (euro-denominated)	0.88	%	1,897		1,873
0.875% 12-Year Senior Notes, Due 10/1/2031 (euro-denominated)	1.13	%	976		963
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	%	650		642
1.49% 10-Year Senior Notes, Due 10/20/2032 (yen-denominated)	1.60	%	47		48
4.95% 10-Year Senior Notes, Due 11/21/2032	5.09	%	600		600
1.125% 12-Year Senior Notes, Due 10/18/2033 (euro-denominated)	1.20	%	1,626		1,606
3.65% 12-Year Senior Notes, Due 11/21/2034 (euro-denominated)	3.76	%	813		803
2.875% 20-Year Senior Notes, Due 7/24/2037 (euro-denominated)	2.94	%	759		749
1.50% 20-Year Senior Notes, Due 10/1/2039 (euro-denominated)	1.73	%	976		963
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	%	1,355		1,339
2.069% 20-Year Senior Notes, Due 10/20/2042 (yen-denominated)	2.13	%	110		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	%	1,084		1,071
2.00% 30-Year Senior Notes, Due 10/18/2051 (euro-denominated)	2.07	%	813		803

	Effective interest rate at April 1,		April 1,		December 31,
(Dollars in millions)	2023		2023		2022
2.382% 30-Year Senior Notes, Due 10/18/2052 (yen-denominated)	2.43	%	251		254
Other			78		79
Total borrowings at par value			35,327		34,561
Unamortized discount			(112)		(112)
Unamortized debt issuance costs			(164)		(171)
Total borrowings at carrying value			35,051		34,278
Finance lease liabilities			206		210
Less: Short-term obligations and current maturities			6,122		5,579
Long-term obligations			$	29,135	$	28,909

SOFR - Secured Overnight Financing Rate

EURIBOR - Euro Interbank Offered Rate