DEBT AND CREDIT AGREEMENTS (Tables)


	December 31,
	2025		2024
1.35% notes due 2025	—		1,250
2.50% notes due 2026	1,500		1,500
1.10% notes due 2027	1,000		1,000
3.50% euro notes due 2027	763		675
4.65% notes due 2027	1,150		1,150
4.95% notes due 2028	500		500
2.25% euro notes due 2028	881		779
4.25% notes due 2029	750		750
2.70% notes due 2029	750		750
4.875% notes due 2029	500		500
4.70% notes due 2030	1,000		1,000
3.375% euro notes due 2030	881		779
1.95% notes due 2030	949		1,000
4.95% notes due 2031	500		500
1.75% notes due 2031	1,496		1,500
4.75% notes due 2032	650		650
0.75% euro notes due 2032	587		519
3.75% euro notes due 2032	587		519
5.00% notes due 2033	1,100		1,100
4.50% notes due 2034	1,000		1,000
4.125% euro notes due 2034	1,174		1,039
5.00% notes due 2035	1,450		1,450
3.75% euro notes due 2036	881		779
5.70% notes due 2036	441		441
5.70% notes due 2037	462		462
5.375% notes due 2041	417		417
3.812% notes due 2047	442		442
2.80% notes due 2050	701		750
5.25% notes due 2054	1,750		1,750
5.35% notes due 2064	650		650
4.37% term loan due 2027	1,000		1,000
One month term SOFR plus 0.875% term loan due 2027	2,750		—
6.625% debentures due 2028	201		201
9.065% debentures due 2033	51		51
Industrial development bond obligations, floating rate maturing at various dates through 2037	22		22
Other (including finance leases), 2.5% weighted average interest rate maturing at various dates through 2040	110		329
Fair value of hedging instruments	(79)		(136)
Debt issuance costs	(280)		(303)
Total Long-term debt and current related maturities	28,687		26,765
Less: Current maturities of long-term debt	1,546		1,325
Total Long-term debt	$	27,141	$	25,440

The schedule of principal payments on long-term debt, excluding fair value of hedging instruments and debt issuance costs, is as follows:


	December 31, 2025
2026	$	1,546
2027	6,731
2028	1,588
2029	2,002
2030	2,830
Thereafter	14,349
Total Long-term debt and current related maturities	$	29,046

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details