Total outstanding long-term debt is summarized below (in millions, except percentages): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Maturity | | Coupon Rate | | Effective Interest Rate | | As of
December 31, 2025 | | As of
March 31, 2026 | | Debt | | | | | | | | | | | | 2016 US dollar notes | | 2026 | | 2.00% | | 2.23% | | $ | 2,000 | | | $ | 2,000 | | | 2020 US dollar notes | | 2027 - 2060 | | 0.80% - 2.25% | | 0.93% - 2.33% | | 9,000 | | | 9,000 | | 2025 US dollar notes(1) | | 2028 - 2075 | | 3.88% - 5.70% | | 4.00% - 5.79% | | 22,500 | | | 22,500 | | 2025 Euro notes(2) | | 2028 - 2064 | | 2.38% - 4.38% | | 2.57% - 4.51% | | 15,585 | | | 15,265 | | 2026 US dollar notes | | 2029 - 2066 | | 3.70% - 5.75% | | 3.93% - 5.84% | | 0 | | | 20,000 | | 2026 Sterling notes(2) | | 2029 - 2126 | | 4.13% - 6.13% | | 4.23% - 6.19% | | 0 | | | 7,310 | | 2026 Swiss franc notes(2) | | 2029 - 2051 | | 0.43% - 1.87% | | 0.52% - 1.90% | | 0 | | | 3,833 | | Other long-term debt | | | | | | | | 0 | | | 397 | | | Total face value of long-term debt | | | | | | | | 49,085 | | | 80,305 | | Unamortized discount and debt issuance costs(2) | | | | | | | | (542) | | | (806) | | Less: current portion of long-term notes(3) | | | | | | | | (1,996) | | | (1,998) | | | Total long-term debt | | | | | | | | $ | 46,547 | | | $ | 77,501 | |
(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 foreign currency-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.
|