Debt and Borrowing Arrangements

3 Months Ended

Mar. 27, 2020

Debt and Borrowing Arrangements Disclosure [Abstract]

DEBT AND BORROWING ARRANGEMENTS

During the three months ended March 27, 2020, the Company issued U.S. dollar-denominated debt of $5,000 million. The carrying value of this debt as of March 27, 2020 was $4,951 million. The general terms of the notes issued are as follows:


•	$1,000 million total principal amount of notes due March 25, 2025, at a fixed interest rate of 2.950 percent;


•	$1,000 million total principal amount of notes due March 25, 2027, at a fixed interest rate of 3.375 percent;


•	$1,250 million total principal amount of notes due March 25, 2030, at a fixed interest rate of 3.450 percent;


•	$500 million total principal amount of notes due March 25, 2040, at a fixed interest rate of 4.125 percent; and

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$1,250 million total principal amount of notes due March 25, 2050, at a fixed interest rate of 4.200 percent.