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% | 4% | 4% |
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% |
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. | |