v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Total outstanding long-term debt is summarized below (in millions, except percentages):
Effective Interest RateAs of December 31,
MaturityCoupon Rate20242025
Debt
2016 US dollar notes20262.00%2.23%$2,000 $2,000 
2020 US dollar notes2027 - 2060
0.80% - 2.25%
0.93% - 2.33%
10,000 9,000 
2025 US dollar notes(1)
2028 - 2075
3.88% - 5.70%
4.00% - 5.79%
0 22,500 
2025 Euro notes(2)
2028 - 2064
2.38% - 4.38%
2.57% - 4.51%
0 15,585 
      Total face value of long-term debt12,000 49,085 
Unamortized discount and debt issuance costs(2)
(118)(542)
Less: current portion of long-term notes(3)
(999)(1,996)
       Total long-term debt$10,883 $46,547 
(1)Includes $500 million of floating-rate notes due in 2028. Interest is calculated using the compounded Secured Overnight Financing Rate (SOFR) plus 0.52%, reset quarterly.
(2)Principal, unamortized discount, and debt issuance costs for the euro-denominated notes include the effect of foreign exchange rates.
(3)Total current portion of long-term debt is included within accrued expenses and other current liabilities. See Note 7 for further details.
Schedule of Debt Maturities of Long-Term Debt
As of December 31, 2025, the future principal payments for long-term debt were as follows (in millions):
2026$2,000 
20271,000
20282,676
20291,764
20305,500
Thereafter36,145
Total$49,085