Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2024

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


	Maturity	Stated Interest Rate	Effective Interest Rate	September 30, 2024		December 31, 2023
August 2022 Notes:	2027 - 2062	3.50% - 4.65%	3.63% - 4.71%	$	10,000	$	10,000
May 2023 Notes:	2028 - 2063	4.60% - 5.75%	4.68% - 5.79%	8,500		8,500
August 2024 Notes:	2029 - 2064	4.30% - 5.55%	4.42% - 5.60%	10,500		—
Total face amount of long-term debt				29,000		18,500
Unamortized discount and issuance costs, net				(177)		(115)
Long-term debt				$	28,823	$	18,385

Schedule of Maturities of Long-Term Debt

As of September 30, 2024, future principal payments for the Notes, by year, are as follows (in millions):


Remainder of 2024 through 2026	$	—
2027	2,750
2028	1,500
2029	1,000
Thereafter	23,750
Total outstanding Notes	$	29,000

- 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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+ Details