| Debt Disclosure [Text Block] |
DEBT AND BORROWING ARRANGEMENTS
During the nine months ended September 27, 2019, the Company issued euro- and U.S. dollar-denominated debt of €3,500 million and $2,000 million, respectively. The carrying value of this debt as of September 27, 2019 was $5,793 million. The general terms of the notes issued are as follows:
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€750 million total principal amount of notes due March 8, 2021, at a variable interest rate equal to the three month Euro Interbank Offered Rate ("EURIBOR") plus 0.20 percent;
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€1,000 million total principal amount of notes due September 22, 2022, at a fixed interest rate of 0.125 percent;
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€1,000 million total principal amount of notes due September 22, 2026, at a fixed interest rate of 0.75 percent;
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€750 million total principal amount of notes due March 8, 2031, at a fixed interest rate of 1.25 percent;
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$1,000 million total principal amount of notes due September 6, 2024, at a fixed interest rate of 1.75 percent; and
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$1,000 million total principal amount of notes due September 6, 2029, at a fixed interest rate of 2.125 percent.
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During the nine months ended September 27, 2019, the Company retired upon maturity:
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€1,500 million total principal amount of notes due March 8, 2019, at a variable interest rate equal to the three month EURIBOR plus 0.25 percent;
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$1,000 million total principal amount of notes due May 30, 2019, at a fixed interest rate of 1.375 percent; and
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€2,000 million total principal amount of notes due September 9, 2019, at a variable interest rate equal to the three month EURIBOR plus 0.23 percent.
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