|
The carrying value and fair value of long-term borrowings determined using market prices and EUR/USD foreign exchange rate at December 31, 2021 included the following:
|
(in millions) |
Maturity Amount |
|
|
Unamortized
Discount and Debt Issuance Costs(1) |
|
|
Carrying Value |
|
|
Fair Value |
|
|
3.375% Notes due 2022 |
$ |
750 |
|
|
$ |
- |
|
|
$ |
750 |
|
|
$ |
759 |
|
|
3.50% Notes due 2024 |
|
1,000 |
|
|
|
(2 |
) |
|
|
998 |
|
|
|
1,055 |
|
|
1.25% Notes due 2025 |
|
797 |
|
|
|
(3 |
) |
|
|
794 |
|
|
|
829 |
|
|
3.20% Notes due 2027 |
|
700 |
|
|
|
(3 |
) |
|
|
697 |
|
|
|
756 |
|
|
3.25% Notes due 2029 |
|
1,000 |
|
|
|
(11 |
) |
|
|
989 |
|
|
|
1,086 |
|
|
2.40% Notes due 2030 |
|
1,000 |
|
|
|
(6 |
) |
|
|
994 |
|
|
|
1,027 |
|
|
1.90% Notes due 2031 |
|
1,250 |
|
|
|
(11 |
) |
|
|
1,239 |
|
|
|
1,232 |
|
|
2.10% Notes due 2032 |
|
1,000 |
|
|
|
(15 |
) |
|
|
985 |
|
|
|
991 |
|
|
Total Long-term Borrowings |
$ |
7,497 |
|
|
$ |
(51 |
) |
|
$ |
7,446 |
|
|
$ |
7,735 |
|
|
|
(1) |
The unamortized discount and debt issuance costs are being amortized over the term of the notes. |
|