v3.22.4
Debt, Credit Facilities and Commitments and Contingencies - Summary of Long-Term Debt (Details)
$ in Millions
Dec. 31, 2022
USD ($)
Dec. 31, 2022
EUR (€)
Dec. 31, 2021
USD ($)
Long-term debt      
Fair value hedges $ 346   $ (102)
Unamortized bond discounts 116   130
Unamortized deferred financing costs (222)   (251)
Unamortized bond premiums [1] 793   954
Total long-term debt and finance lease obligations 63,270   76,670
Current portion 4,135   12,481
Noncurrent portion 59,135   64,189
Aggregate notes due 2022      
Long-term debt      
Long-term debt and lease obligations, gross $ 0   $ 12,428
Aggregate notes due 2022 | Minimum      
Long-term debt      
Weighted-average effective interest rate [2] 1.92% 1.92% 0.99%
Stated interest rate (as a percent) 2.30% 2.30%  
Aggregate notes due 2022 | Maximum      
Long-term debt      
Weighted-average effective interest rate [2] 3.28% 3.28% 3.45%
Stated interest rate (as a percent) 3.45% 3.45%  
Other      
Long-term debt      
Long-term debt and lease obligations, gross $ 33   $ 33
Senior notes      
Long-term debt      
Weighted-average effective interest rate [2] 2.91% 2.91% 2.91%
Long-term debt and lease obligations, gross $ 1,000   $ 1,000
Senior notes | 3.75% notes due 2023      
Long-term debt      
Weighted-average effective interest rate [2] 3.84% 3.84% 3.84%
Long-term debt and lease obligations, gross $ 1,250   $ 1,250
Stated interest rate (as a percent) 3.75% 3.75%  
Senior notes | 2.85% notes due 2023      
Long-term debt      
Stated interest rate (as a percent) 2.85% 2.85%  
Senior notes | 1.50% notes due 2023 (€500 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 0.49% 0.49% 0.49%
Long-term debt and lease obligations, gross $ 532   $ 567
Stated interest rate (as a percent) 1.50% 1.50%  
Aggregate principal amount of debt | €   € 500,000,000  
Senior notes | 2.80% notes due 2023      
Long-term debt      
Weighted-average effective interest rate [2] 2.13% 2.13% 2.13%
Long-term debt and lease obligations, gross $ 350   $ 350
Stated interest rate (as a percent) 2.80% 2.80%  
Senior notes | 2.60% notes due 2024      
Long-term debt      
Weighted-average effective interest rate [2] 2.69% 2.69% 2.69%
Long-term debt and lease obligations, gross $ 3,750   $ 3,750
Stated interest rate (as a percent) 2.60% 2.60%  
Senior notes | 1.375% notes due 2024 (€1,450 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 1.46% 1.46% 1.46%
Long-term debt and lease obligations, gross $ 1,543   $ 1,643
Stated interest rate (as a percent) 1.375% 1.375%  
Aggregate principal amount of debt | €   € 1,450,000,000  
Senior notes | 3.85% notes due 2024      
Long-term debt      
Weighted-average effective interest rate [2] 2.07% 2.07% 2.07%
Long-term debt and lease obligations, gross $ 1,032   $ 1,032
Stated interest rate (as a percent) 3.85% 3.85%  
Senior notes | 1.25% notes due 2024 (€700 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 0.65% 0.65% 0.65%
Long-term debt and lease obligations, gross $ 745   $ 793
Stated interest rate (as a percent) 1.25% 1.25%  
Aggregate principal amount of debt | €   € 700,000,000  
Senior notes | 3.60% notes due 2025      
Long-term debt      
Weighted-average effective interest rate [2] 3.66% 3.66% 3.66%
Long-term debt and lease obligations, gross $ 3,750   $ 3,750
Stated interest rate (as a percent) 3.60% 3.60%  
Senior notes | 3.80% notes due 2025      
Long-term debt      
Weighted-average effective interest rate [2] 2.09% 2.09% 2.09%
Long-term debt and lease obligations, gross $ 3,021   $ 3,021
Stated interest rate (as a percent) 3.80% 3.80%  
Senior notes | 2.95% notes due 2026      
Long-term debt      
Weighted-average effective interest rate [2] 3.02% 3.02% 3.02%
Long-term debt and lease obligations, gross $ 4,000   $ 4,000
Stated interest rate (as a percent) 2.95% 2.95%  
Senior notes | 3.20% notes due 2026      
Long-term debt      
Weighted-average effective interest rate [2] 3.28% 3.28% 3.28%
Long-term debt and lease obligations, gross $ 2,000   $ 2,000
Stated interest rate (as a percent) 3.20% 3.20%  
Senior notes | 0.75% notes due 2027 (€750 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 0.86% 0.86% 0.86%
Long-term debt and lease obligations, gross $ 798   $ 850
Stated interest rate (as a percent) 0.75% 0.75%  
Aggregate principal amount of debt | €   € 750,000,000  
Senior notes | 4.25% notes due 2028      
Long-term debt      
Weighted-average effective interest rate [2] 4.38% 4.38% 4.38%
Long-term debt and lease obligations, gross $ 1,750   $ 1,750
Stated interest rate (as a percent) 4.25% 4.25%  
Senior notes | 2.125% notes due 2028 (€750 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 2.18% 2.18% 2.18%
Long-term debt and lease obligations, gross $ 798   $ 850
Stated interest rate (as a percent) 2.125% 2.125%  
Aggregate principal amount of debt | €   € 750,000,000  
Senior notes | 2.625% notes due 2028 (€500 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 1.20% 1.20% 1.20%
Long-term debt and lease obligations, gross $ 532   $ 567
Stated interest rate (as a percent) 2.625% 2.625%  
Aggregate principal amount of debt | €   € 500,000,000  
Senior notes | 3.20% notes due 2029      
Long-term debt      
Weighted-average effective interest rate [2] 3.25% 3.25% 3.25%
Long-term debt and lease obligations, gross $ 5,500   $ 5,500
Stated interest rate (as a percent) 3.20% 3.20%  
Senior notes | 2.125% notes due 2029 (€550 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 1.19% 1.19% 1.19%
Long-term debt and lease obligations, gross $ 585   $ 623
Stated interest rate (as a percent) 2.125% 2.125%  
Aggregate principal amount of debt | €   € 550,000,000  
Senior notes | 1.25% notes due 2031 (€650 principal)      
Long-term debt      
Weighted-average effective interest rate [2] 1.30% 1.30% 1.30%
Long-term debt and lease obligations, gross $ 691   $ 737
Stated interest rate (as a percent) 1.25% 1.25%  
Aggregate principal amount of debt | €   € 650,000,000  
Senior notes | 4.55% notes due 2035      
Long-term debt      
Weighted-average effective interest rate [2] 3.52% 3.52% 3.52%
Long-term debt and lease obligations, gross $ 1,789   $ 1,789
Stated interest rate (as a percent) 4.55% 4.55%  
Senior notes | 4.50% notes due 2035      
Long-term debt      
Weighted-average effective interest rate [2] 4.58% 4.58% 4.58%
Long-term debt and lease obligations, gross $ 2,500   $ 2,500
Stated interest rate (as a percent) 4.50% 4.50%  
Senior notes | 4.30% notes due 2036      
Long-term debt      
Weighted-average effective interest rate [2] 4.37% 4.37% 4.37%
Long-term debt and lease obligations, gross $ 1,000   $ 1,000
Stated interest rate (as a percent) 4.30% 4.30%  
Senior notes | 4.05% notes due 2039      
Long-term debt      
Weighted-average effective interest rate [2] 4.11% 4.11% 4.11%
Long-term debt and lease obligations, gross $ 4,000   $ 4,000
Stated interest rate (as a percent) 4.05% 4.05%  
Senior notes | 4.40% notes due 2042      
Long-term debt      
Weighted-average effective interest rate [2] 4.46% 4.46% 4.46%
Long-term debt and lease obligations, gross $ 2,600   $ 2,600
Stated interest rate (as a percent) 4.40% 4.40%  
Senior notes | 4.625% notes due 2042      
Long-term debt      
Weighted-average effective interest rate [2] 4.00% 4.00% 4.00%
Long-term debt and lease obligations, gross $ 457   $ 457
Stated interest rate (as a percent) 4.625% 4.625%  
Senior notes | 4.85% notes due 2044      
Long-term debt      
Weighted-average effective interest rate [2] 4.11% 4.11% 4.11%
Long-term debt and lease obligations, gross $ 1,074   $ 1,074
Stated interest rate (as a percent) 4.85% 4.85%  
Senior notes | 4.70% notes due 2045      
Long-term debt      
Weighted-average effective interest rate [2] 4.73% 4.73% 4.73%
Long-term debt and lease obligations, gross $ 2,700   $ 2,700
Stated interest rate (as a percent) 4.70% 4.70%  
Senior notes | 4.75% notes due 2045      
Long-term debt      
Weighted-average effective interest rate [2] 4.20% 4.20% 4.20%
Long-term debt and lease obligations, gross $ 881   $ 881
Stated interest rate (as a percent) 4.75% 4.75%  
Senior notes | 4.45% notes due 2046      
Long-term debt      
Weighted-average effective interest rate [2] 4.50% 4.50% 4.50%
Long-term debt and lease obligations, gross $ 2,000   $ 2,000
Stated interest rate (as a percent) 4.45% 4.45%  
Senior notes | 4.875% notes due 2048      
Long-term debt      
Weighted-average effective interest rate [2] 4.94% 4.94% 4.94%
Long-term debt and lease obligations, gross $ 1,750   $ 1,750
Stated interest rate (as a percent) 4.875% 4.875%  
Senior notes | 4.25% notes due 2049      
Long-term debt      
Weighted-average effective interest rate [2] 4.29% 4.29% 4.29%
Long-term debt and lease obligations, gross $ 5,750   $ 5,750
Stated interest rate (as a percent) 4.25% 4.25%  
Term loan facilities | Floating rate term loans due 2023      
Long-term debt      
Weighted-average effective interest rate [2] 2.45% 2.45% 0.81%
Long-term debt and lease obligations, gross $ 1,000   $ 1,000
Term loan facilities | Floating rate term loans due 2025      
Long-term debt      
Weighted-average effective interest rate [2] 1.39% 1.39% 1.36%
Long-term debt and lease obligations, gross $ 0   $ 2,000
Term loan facilities | Floating rate term loans due 2025      
Long-term debt      
Weighted-average effective interest rate [2] 2.82% 2.82% 0.00%
Long-term debt and lease obligations, gross $ 2,000   $ 0
[1] Represents unamortized purchase price adjustments of Allergan debt.
[2] Excludes the effect of any related interest rate swaps.