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, 2024
Debt Disclosure [Abstract]  
DEBT AND BORROWING ARRANGEMENTS DEBT AND BORROWING ARRANGEMENTS
Loans and notes payable consist primarily of commercial paper issued in the United States. As of September 27, 2024 and December 31, 2023, we had $1,817 million and $4,209 million, respectively, in outstanding commercial paper borrowings.
During 2024, the Company issued fixed interest rate U.S. dollar- and euro-denominated debt of $6,000 million and €2,000 million, respectively, with maturity dates ranging from 2032 to 2064 and interest rates ranging from 3.125% to 5.400%. The carrying value of this debt as of September 27, 2024 was $8,130 million.