v3.20.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Instruments [Abstract]  
Schedule of Debt
Long-term debt consisted of the following at December 31:
20202019Effective
Interest Rate
(in millions)
2020 USD Notes3.300 %Senior Notes due March 2027$1,000 $— 3.420 %
3.350 %Senior Notes due March 20301,500 — 3.430 %
3.850 %Senior Notes due March 20501,500 — 3.896 %
2019 USD Notes2.950 %Senior Notes due June 20291,000 1,000 3.030 %
3.650 %Senior Notes due June 20491,000 1,000 3.689 %
2.000 %Senior Notes due March 2025750 750 2.147 %
2018 USD Notes3.500 %Senior Notes due February 2028500 500 3.598 %
3.950 %Senior Notes due February 2048500 500 3.990 %
2016 USD Notes2.000 %Senior Notes due November 2021650 650 2.236 %
2.950 %Senior Notes due November 2026750 750 3.044 %
3.800 %Senior Notes due November 2046600 600 3.893 %
2015 EUR Notes 1
1.100 %Senior Notes due December 2022859 785 1.265 %
2.100 %Senior Notes due December 2027982 896 2.189 %
2.500 %Senior Notes due December 2030184 169 2.562 %
2014 USD Notes3.375 %Senior Notes due April 20241,000 1,000 3.484 %
12,775 8,600 
Less: Unamortized discount and debt issuance costs(103)(73)
Total debt outstanding12,672 8,527 
Less: Current portion2
(649)— 
Long-term debt$12,023 $8,527 
1Relates to euro-denominated debt issuance of €1.650 billion in December 2015
2Relates to current portion of the 2016 USD Notes, due in November 2021, classified as current portion of long-term debt on the consolidated balance sheet
Schedule of Maturities of Long-term Debt
Scheduled annual maturities of the principal portion of long-term debt outstanding at December 31, 2020 are summarized below.
(in millions)
2021$650 
2022859 
2023— 
20241,000
2025750 
Thereafter9,516 
Total$12,775