v3.24.2.u1
Debt (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Carrying Value of Outstanding Debt
The following table summarizes the carrying value of our outstanding debt as of the dates indicated (in millions, except percentages):
 Coupon Rate
June 30, 2024
Effective Interest Rate
December 31, 2023
Effective Interest Rate
Long-Term Debt
Senior Notes:
Senior notes due 20243.450 %$750 3.531 %$750 3.531 %
Senior notes due 20251.900 %800 1.803 %800 1.803 %
Senior notes due 20255.900 %425 6.036 %425 6.036 %
Senior notes due 20261.400 %750 1.252 %750 1.252 %
Senior notes due 20273.600 %850 3.689 %850 3.689 %
Senior notes due 20275.950 %300 6.064 %300 6.064 %
Senior notes due 20302.700 %950 2.623 %950 2.623 %
Senior notes due 20312.600 %750 2.186 %750 2.186 %
Senior notes due 20326.300 %425 6.371 %425 6.371 %
Senior notes due 20424.000 %750 4.114 %750 4.114 %
Senior notes due 20513.650 %1,000 2.517 %1,000 2.517 %
Total senior notes7,750 7,750 
Hedge accounting fair value adjustments (1)
1 2 
Unamortized premium/(discount) and debt issuance costs(27)(29)
Less: Current portion of long-term debt(1,550)(750)
Total long-term debt6,174 6,973 
Short-Term Debt
Current portion of long-term debt1,550 750 
Unamortized premium/(discount) and debt issuance costs1 — 
Total short-term debt1,551 750 
Total Debt$7,725 $7,723 
(1) Includes the fair value adjustments to debt associated with terminated interest rate swaps which are being recorded as a reduction to interest expense over the remaining term of the related notes.