v3.24.0.1
Debt, Credit Facilities and Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2023
Debt, Credit Facilities and Commitments and Contingencies  
Summary of long-term debt
The following table summarizes long-term debt:
as of December 31 (dollars in millions)
2023 Effective
interest rate (a)
2023
2022 Effective
interest rate (a)
2022
1.50-3.75% aggregate notes due 2023
0.49-3.84%
$— 
0.49-3.84%
$3,132 
Floating rate term loans due 20235.07 %— 2.45 %1,000 
2.60% senior notes due 2024
2.69 %3,750 2.69 %3,750 
1.375% senior euro notes due 2024 (€1,450 principal)
1.46 %1,610 1.46 %1,543 
3.85% senior notes due 2024
2.07 %1,032 2.07 %1,032 
1.25% senior euro notes due 2024 (€700 principal)
0.65 %777 0.65 %745 
3.60% senior notes due 2025
3.66 %3,750 3.66 %3,750 
3.80% senior notes due 2025
2.09 %3,021 2.09 %3,021 
Floating rate term loans due 20255.95 %2,000 2.82 %2,000 
2.95% senior notes due 2026
3.02 %4,000 3.02 %4,000 
3.20% senior notes due 2026
3.28 %2,000 3.28 %2,000 
0.75% senior euro notes due 2027 (€750 principal)
0.86 %833 0.86 %798 
4.25% senior notes due 2028
4.38 %1,750 4.38 %1,750 
2.125% senior euro notes due 2028 (€750 principal)
2.18 %833 2.18 %798 
2.625% senior euro notes due 2028 (€500 principal)
1.20 %555 1.20 %532 
3.20% senior notes due 2029
3.25 %5,500 3.25 %5,500 
2.125% senior euro notes due 2029 (€550 principal)
1.19 %611 1.19 %585 
1.25% senior euro notes due 2031 (€650 principal)
1.30 %722 1.30 %691 
4.55% senior notes due 2035
3.52 %1,789 3.52 %1,789 
4.50% senior notes due 2035
4.58 %2,500 4.58 %2,500 
4.30% senior notes due 2036
4.37 %1,000 4.37 %1,000 
4.05% senior notes due 2039
4.11 %4,000 4.11 %4,000 
4.40% senior notes due 2042
4.46 %2,600 4.46 %2,600 
4.625% senior notes due 2042
4.00 %457 4.00 %457 
4.85% senior notes due 2044
4.11 %1,074 4.11 %1,074 
4.70% senior notes due 2045
4.73 %2,700 4.73 %2,700 
4.75% senior notes due 2045
4.20 %881 4.20 %881 
4.45% senior notes due 2046
4.50 %2,000 4.50 %2,000 
4.875% senior notes due 2048
4.94 %1,750 4.94 %1,750 
4.25% senior notes due 2049
4.29 %5,750 4.29 %5,750 
Fair value hedges(266)(346)
Unamortized bond discounts(106)(116)
Unamortized deferred financing costs(198)(222)
Unamortized bond premiums(b)
668 793 
Other42 33 
Total long-term debt and finance lease obligations59,385 63,270 
Current portion7,191 4,135 
Noncurrent portion$52,194 $59,135 
(a)Excludes the effect of any related interest rate swaps.
(b)Represents unamortized purchase price adjustments of Allergan debt.
Summary of maturities of long-term debt
as of and for the years ending December 31 (in millions)
2024$7,170 
20258,771 
20266,000 
2027833 
20283,138 
Thereafter33,333 
Total obligations and commitments59,245 
Fair value hedges, unamortized bond premiums/discounts, deferred financing costs and finance lease obligations140 
Total long-term debt and finance lease obligations$59,385