Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2023

The following table summarizes the Notes and the carrying amount of our debt (in millions, except percentages):


	Maturity	Stated Interest Rate	Effective Interest Rate	December 31, 2023		December 31, 2022
August 2022 debt:
2027 Notes	2027	3.50%	3.63%	$	2,750	$	2,750
2032 Notes	2032	3.85%	3.92%	3,000		3,000
2052 Notes	2052	4.45%	4.51%	2,750		2,750
2062 Notes	2062	4.65%	4.71%	1,500		1,500

May 2023 debt:
2028 Notes	2028	4.60%	4.68%	1,500
2030 Notes	2030	4.80%	4.90%	1,000
2033 Notes	2033	4.95%	5.00%	1,750
2053 Notes	2053	5.60%	5.64%	2,500
2063 Notes	2063	5.75%	5.79%	1,750
Total face amount of long-term debt				18,500		10,000
Unamortized discount and issuance costs, net				(115)		(77)
Long-term debt				$	18,385	$	9,923

Schedule of Maturities of Long-Term Debt

As of December 31, 2023, future principal payments for the Notes, by year, are as follows (in millions):


2024 through 2026	$	—
2027	2,750
2028	1,500
Thereafter	14,250
Total outstanding debt	$	18,500

- 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.

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