| Long-Term Debt |
| | | | | | | | | | | | | Balance | | Balance | (Dollars in millions) | | Maturities | | 3/31/2021 | | 12/31/2020 | U.S. dollar debt (weighted-average interest rate at March 31, 2021):* | | | | | | | | | 0.7% | | 2021 | | $ | 2,635 | | $ | 5,499 | 2.6% | | 2022 | | | 5,712 | | | 6,233 | 3.5% | | 2023 | | | 1,636 | | | 2,395 | 3.3% | | 2024 | | | 5,025 | | | 5,029 | 6.8% | | 2025 | | | 626 | | | 631 | 3.3% | | 2026 | | | 4,368 | | | 4,370 | 3.0% | | 2027 | | | 2,219 | | | 2,219 | 6.5% | | 2028 | | | 313 | | | 313 | 3.5% | | 2029 | | | 3,250 | | | 3,250 | 2.0% | | 2030 | | | 1,350 | | | 1,350 | 5.9% | | 2032 | | | 600 | | | 600 | 8.0% | | 2038 | | | 83 | | | 83 | 4.5% | | 2039 | | | 2,745 | | | 2,745 | 2.9% | | 2040 | | | 650 | | | 650 | 4.0% | | 2042 | | | 1,107 | | | 1,107 | 7.0% | | 2045 | | | 27 | | | 27 | 4.7% | | 2046 | | | 650 | | | 650 | 4.3% | | 2049 | | | 3,000 | | | 3,000 | 3.0% | | 2050 | | | 750 | | | 750 | 7.1% | | 2096 | | | 316 | | | 316 | | | | | $ | 37,062 | | $ | 41,218 | Other currencies (weighted-average interest rate at March 31, 2021, in parentheses):* | | | | | | | | | Euro (1.1%) | | 2021–2040 | | $ | 17,618 | | $ | 18,355 | Pound sterling (2.6%) | | 2022 | | | 414 | | | 411 | Japanese yen (0.3%) | | 2022–2026 | | | 1,316 | | | 1,409 | Other (4.4%) | | 2021–2025 | | | 299 | | | 324 | | | | | $ | 56,708 | | $ | 61,718 | Finance lease obligations (1.5%) | | 2021–2030 | | | 317 | | | 296 | | | | | $ | 57,025 | | $ | 62,013 | Less: net unamortized discount | | | | | 868 | | | 875 | Less: net unamortized debt issuance costs | | | | | 147 | | | 156 | Add: fair value adjustment** | | | | | 357 | | | 426 | | | | | $ | 56,367 | | $ | 61,408 | Less: current maturities | | | | | 5,162 | | | 7,053 | Total | | | | $ | 51,206 | | $ | 54,355 |
* Includes notes, debentures, bank loans and secured borrowings. ** The portion of the company’s fixed-rate debt obligations that is hedged is reflected in the Consolidated Balance Sheet as an amount equal to the sum of the debt’s carrying value and a fair value adjustment representing changes in the fair value of the hedged debt obligations attributable to movements in benchmark interest rates.
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| Pre-swap annual contractual obligations of long-term debt outstanding |
Pre-swap annual contractual obligations of long-term debt outstanding at March 31, 2021, are as follows: | | | | (Dollars in millions) | | Total | Remainder of 2021 | | $ | 4,060 | 2022 | | | 6,826 | 2023 | | | 4,928 | 2024 | | | 6,442 | 2025 | | | 4,144 | Thereafter | | | 30,625 | Total | | $ | 57,025 |
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