|
The carrying value and fair value of long-term notes determined using market prices and EUR/USD foreign exchange rate at March 31, 2022 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 |
|
|
$ |
753 |
|
|
3.50% Notes due 2024 |
|
1,000 |
|
|
|
(2 |
) |
|
|
998 |
|
|
|
1,025 |
|
|
1.25% Notes due 2025 |
|
778 |
|
|
|
(2 |
) |
|
|
776 |
|
|
|
784 |
|
|
3.20% Notes due 2027 |
|
700 |
|
|
|
(3 |
) |
|
|
697 |
|
|
|
706 |
|
|
3.25% Notes due 2029 |
|
1,000 |
|
|
|
(10 |
) |
|
|
990 |
|
|
|
1,011 |
|
|
2.40% Notes due 2030 |
|
1,000 |
|
|
|
(6 |
) |
|
|
994 |
|
|
|
945 |
|
|
1.90% Notes due 2031 |
|
1,250 |
|
|
|
(10 |
) |
|
|
1,240 |
|
|
|
1,125 |
|
|
2.10% Notes due 2032 |
|
1,000 |
|
|
|
(15 |
) |
|
|
985 |
|
|
|
904 |
|
|
Total long-term notes |
$ |
7,478 |
|
|
$ |
(48 |
) |
|
$ |
7,430 |
|
|
$ |
7,253 |
|
|
|
(1) |
The unamortized discount and debt issuance costs are being amortized over the term of the notes. |
|