Quarterly report pursuant to Section 13 or 15(d)

Debt and Borrowing Arrangements

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Debt and Borrowing Arrangements
9 Months Ended
Sep. 27, 2019
Debt and Borrowing Arrangements Disclosure [Abstract]  
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:
€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;
€1,000 million total principal amount of notes due September 22, 2022, at a fixed interest rate of 0.125 percent;
€1,000 million total principal amount of notes due September 22, 2026, at a fixed interest rate of 0.75 percent;
€750 million total principal amount of notes due March 8, 2031, at a fixed interest rate of 1.25 percent;
$1,000 million total principal amount of notes due September 6, 2024, at a fixed interest rate of 1.75 percent; and
$1,000 million total principal amount of notes due September 6, 2029, at a fixed interest rate of 2.125 percent.
During the nine months ended September 27, 2019, the Company retired upon maturity:
€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;
$1,000 million total principal amount of notes due May 30, 2019, at a fixed interest rate of 1.375 percent; and
€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.