| | | |
Public offering
price(1) |
| |
Underwriting
discount |
| |
Proceeds, before
expenses, to us |
| |||||||||
|
Per Floating Rate Note
|
| | | | 100.000% | | | | | | 0.150% | | | | | | 99.850% | | |
|
Per 2028 Note
|
| | | | 99.970% | | | | | | 0.150% | | | | | | 99.820% | | |
|
Per 2030 Note
|
| | | | 99.862% | | | | | | 0.250% | | | | | | 99.612% | | |
|
Per 2031 Note
|
| | | | 99.977% | | | | | | 0.350% | | | | | | 99.627% | | |
|
Per 2033 Note
|
| | | | 99.889% | | | | | | 0.375% | | | | | | 99.514% | | |
|
Per 2036 Note
|
| | | | 99.832% | | | | | | 0.450% | | | | | | 99.382% | | |
|
Per 2038 Note
|
| | | | 99.810% | | | | | | 0.475% | | | | | | 99.335% | | |
|
Per 2056 Note
|
| | | | 99.441% | | | | | | 0.750% | | | | | | 98.691% | | |
|
Per 2066 Note
|
| | | | 99.843% | | | | | | 0.750% | | | | | | 99.093% | | |
|
Totals
|
| | | $ | 9,982,652,500 | | | | | $ | 41,812,500 | | | | | $ | 9,940,840,000 | | |
| |
Morgan Stanley
(All Notes)
|
| |
BofA Securities
(All Notes)
|
| |
J.P. Morgan
(All Notes)
|
| |
SOCIETE GENERALE
(All Notes)
|
|
| |
Barclays
(Floating Rate Notes
and 2028 Notes) |
| |
BNP PARIBAS
(2030 Notes)
|
| |
Citigroup
(2038 Notes and
2066 Notes) |
| |
Deutsche Bank Securities
(2036 Notes)
|
|
| |
HSBC
(2033 Notes)
|
| |
Mizuho
(2031 Notes)
|
| |
Wells Fargo Securities
(2056 Notes)
|
|
| |
Barclays
(2030 Notes, 2031 Notes, 2033 Notes, 2036 Notes,
2038 Notes, 2056 Notes and 2066 Notes) |
| |
BNP PARIBAS
(Floating Rate Notes,
2028 Notes, 2031 Notes, 2033 Notes, 2036 Notes, 2038 Notes, 2056 Notes and 2066 Notes) |
| |
Citigroup
(Floating Rate Notes,
2028 Notes, 2030 Notes, 2031 Notes, 2033 Notes, 2036 Notes and 2056 Notes) |
| |
Deutsche Bank Securities
(Floating Rate Notes,
2028 Notes, 2030 Notes, 2031 Notes, 2033 Notes, 2038 Notes, 2056 Notes and 2066 Notes) |
|
| |
HSBC
(Floating Rate Notes,
2028 Notes, 2030 Notes, 2031 Notes, 2036 Notes, 2038 Notes, 2056 Notes and 2066 Notes) |
| |
Mizuho
(Floating Rate Notes,
2028 Notes, 2030 Notes, 2033 Notes, 2036 Notes, 2038 Notes, 2056 Notes and 2066 Notes) |
| |
Wells Fargo Securities
(Floating Rate Notes,
2028 Notes, 2030 Notes, 2031 Notes, 2033 Notes, 2036 Notes, 2038 Notes and 2066 Notes) |
|
| |
Lloyds Securities
(All Notes)
|
| |
MUFG
(All Notes)
|
| |
Santander
(All Notes)
|
| |
TD Securities
(All Notes)
|
|
| |
US Bancorp
(All Notes)
|
| |
Siebert Williams Shank
(All Notes)
|
| |
Blaylock Van, LLC
(All Notes)
|
| |
CastleOak Securities, L.P.
(All Notes)
|
|
| |
Independence Point Securities
(All Notes)
|
| |
Penserra Securities LLC
(All Notes)
|
| |
R. Seelaus & Co., LLC
(All Notes)
|
|
| | | |
Page
|
| |||
| | | | | S-1 | | | |
| | | | | S-2 | | | |
| | | | | S-7 | | | |
| | | | | S-13 | | | |
| | | | | S-14 | | | |
| | | | | S-16 | | | |
| | | | | S-39 | | | |
| | | | | S-44 | | | |
| | | | | S-51 | | | |
| | | | | S-52 | | | |
| | | | | S-53 | | | |
| | | | | S-54 | | | |
| | | | | S-55 | | | |
| | | | | S-56 | | | |
| | | |
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|
| |||
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 8 | | | |
| | | | | 10 | | | |
| | | | | 12 | | | |
| | | | | 12 | | | |
| | | |
As of June 30, 2026
|
| |||||||||
|
(dollars in millions)
|
| |
Actual
|
| |
As Adjusted
|
| ||||||
|
Cash and equivalents
|
| | | $ | 6,569 | | | | | $ | 16,495 | | |
| Total debt and lease obligations: | | | | | | | | | | | | | |
|
Commercial paper
|
| | | | — | | | | | | — | | |
|
Revolving credit facility due 2028 (up to $5 billion)
|
| | | | — | | | | | | — | | |
|
Revolving credit facility due 2030 (up to $3 billion)
|
| | | | — | | | | | | — | | |
|
Term loan facility due 2027
|
| | | | 2,000 | | | | | | 2,000 | | |
|
2.95% senior notes due 2026
|
| | | | 4,000 | | | | | | 4,000 | | |
|
0.75% senior euro notes due 2027 (€750 principal)(a)
|
| | | | 854 | | | | | | 854 | | |
|
4.80% senior notes due 2027
|
| | | | 2,250 | | | | | | 2,250 | | |
|
Senior floating rate notes due 2028
|
| | | | 750 | | | | | | 750 | | |
|
3.775% senior notes due 2028
|
| | | | 1,500 | | | | | | 1,500 | | |
|
4.25% senior notes due 2028
|
| | | | 1,750 | | | | | | 1,750 | | |
|
4.65% senior notes due 2028
|
| | | | 1,250 | | | | | | 1,250 | | |
|
2.125% senior euro notes due 2028 (€750 principal)(a)
|
| | | | 854 | | | | | | 854 | | |
|
2.625% senior euro notes due 2028 (€500 principal)(a)
|
| | | | 569 | | | | | | 569 | | |
|
3.20% senior notes due 2029
|
| | | | 5,500 | | | | | | 5,500 | | |
|
2.125% senior euro notes due 2029 (€550 principal)(a)
|
| | | | 626 | | | | | | 626 | | |
|
4.80% senior notes due 2029
|
| | | | 2,500 | | | | | | 2,500 | | |
|
4.875% senior notes due 2030
|
| | | | 1,000 | | | | | | 1,000 | | |
|
1.25% senior euro notes due 2031 (€650 principal)(a)
|
| | | | 741 | | | | | | 741 | | |
|
4.125% senior notes due 2031
|
| | | | 1,250 | | | | | | 1,250 | | |
|
4.95% senior notes due 2031
|
| | | | 2,000 | | | | | | 2,000 | | |
|
4.40% senior notes due 2033
|
| | | | 1,250 | | | | | | 1,250 | | |
|
5.05% senior notes due 2034
|
| | | | 3,000 | | | | | | 3,000 | | |
|
4.50% senior notes due 2035
|
| | | | 2,500 | | | | | | 2,500 | | |
|
4.55% senior notes due 2035
|
| | | | 1,789 | | | | | | 1,789 | | |
|
5.20% senior notes due 2035
|
| | | | 1,000 | | | | | | 1,000 | | |
|
4.75% senior notes due 2036
|
| | | | 1,500 | | | | | | 1,500 | | |
|
4.30% senior notes due 2036
|
| | | | 1,000 | | | | | | 1,000 | | |
|
4.05% senior notes due 2039
|
| | | | 4,000 | | | | | | 4,000 | | |
|
4.40% senior notes due 2042
|
| | | | 2,600 | | | | | | 2,600 | | |
|
4.625% senior notes due 2042
|
| | | | 457 | | | | | | 457 | | |
|
4.85% senior notes due 2044
|
| | | | 1,074 | | | | | | 1,074 | | |
| | | |
As of June 30, 2026
|
| |||||||||
|
(dollars in millions)
|
| |
Actual
|
| |
As Adjusted
|
| ||||||
|
5.35% senior notes due 2044
|
| | | | 750 | | | | | | 750 | | |
|
4.70% senior notes due 2045
|
| | | | 2,700 | | | | | | 2,700 | | |
|
4.75% senior notes due 2045
|
| | | | 881 | | | | | | 881 | | |
|
4.45% senior notes due 2046
|
| | | | 2,000 | | | | | | 2,000 | | |
|
4.875% senior notes due 2048
|
| | | | 1,750 | | | | | | 1,750 | | |
|
4.25% senior notes due 2049
|
| | | | 5,750 | | | | | | 5,750 | | |
|
5.40% senior notes due 2054
|
| | | | 3,000 | | | | | | 3,000 | | |
|
5.60% senior notes due 2055
|
| | | | 750 | | | | | | 750 | | |
|
5.55% senior notes due 2056
|
| | | | 1,250 | | | | | | 1,250 | | |
|
5.50% senior notes due 2064
|
| | | | 1,500 | | | | | | 1,500 | | |
|
5.65% senior notes due 2066
|
| | | | 500 | | | | | | 500 | | |
|
Notes offered hereby:
|
| | | | | | | | | | | | |
|
Senior floating rate notes due 2028
|
| | | | — | | | | | | 500 | | |
|
4.50% senior notes due 2028
|
| | | | — | | | | | | 1,000 | | |
|
4.65% senior notes due 2030
|
| | | | — | | | | | | 1,250 | | |
|
4.875% senior notes due 2031
|
| | | | — | | | | | | 1,500 | | |
|
5.05% senior notes due 2033
|
| | | | — | | | | | | 1,250 | | |
|
5.30% senior notes due 2036
|
| | | | — | | | | | | 1,500 | | |
|
5.45% senior notes due 2038
|
| | | | — | | | | | | 1,000 | | |
|
6.00% senior notes due 2056
|
| | | | — | | | | | | 1,500 | | |
|
6.10% senior notes due 2066
|
| | | | — | | | | | | 500 | | |
|
Fair value hedges(b)
|
| | | | (83) | | | | | | (83) | | |
|
Unamortized bond discounts(b)
|
| | | | (124) | | | | | | (124) | | |
|
Unamortized deferred financing costs(b)
|
| | | | (285) | | | | | | (285) | | |
|
Unamortized bond premiums(b)
|
| | | | 478 | | | | | | 478 | | |
|
Other(b)
|
| | | | 441 | | | | | | 441 | | |
|
Stockholders’ equity (deficit)
|
| | | | (5,935) | | | | | | (5,935) | | |
|
Total capitalization
|
| | | $ | 64,887 | | | | | $ | 74,887 | | |
| | |||||||||||||
|
Underwriter
|
| |
Principal
Amount of Floating Rate Notes to be Purchased |
| |
Principal
Amount of 2028 Notes to be Purchased |
| |
Principal
Amount of 2030 Notes to be Purchased |
| |
Principal
Amount of 2031 Notes to be Purchased |
| |
Principal
Amount of 2033 Notes to be Purchased |
| |
Principal
Amount of 2036 Notes to be Purchased |
| |
Principal
Amount of 2038 Notes to be Purchased |
| |
Principal
Amount of 2056 Notes to be Purchased |
| |
Principal
Amount of 2066 Notes to be Purchased |
| |||||||||||||||||||||||||||
|
Morgan Stanley & Co.
LLC |
| | | $ | 75,000,000 | | | | | $ | 150,000,000 | | | | | $ | 187,500,000 | | | | | $ | 225,000,000 | | | | | $ | 187,500,000 | | | | | $ | 225,000,000 | | | | | $ | 150,000,000 | | | | | $ | 225,000,000 | | | | | $ | 75,000,000 | | |
|
BofA Securities, Inc.
|
| | | | 75,000,000 | | | | | | 150,000,000 | | | | | | 187,500,000 | | | | | | 225,000,000 | | | | | | 187,500,000 | | | | | | 225,000,000 | | | | | | 150,000,000 | | | | | | 225,000,000 | | | | | | 75,000,000 | | |
|
J.P. Morgan Securities
LLC |
| | | | 75,000,000 | | | | | | 150,000,000 | | | | | | 187,500,000 | | | | | | 225,000,000 | | | | | | 187,500,000 | | | | | | 225,000,000 | | | | | | 150,000,000 | | | | | | 225,000,000 | | | | | | 75,000,000 | | |
|
SG Americas Securities, LLC
|
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
Barclays Capital Inc.
|
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
BNP Paribas Securities Corp.
|
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
HSBC Securities (USA)
Inc. |
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
Citigroup Global Markets
Inc. |
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
Deutsche Bank Securities Inc.
|
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
Mizuho Securities USA LLC
|
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
Wells Fargo Securities,
LLC |
| | | | 27,000,000 | | | | | | 54,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 67,500,000 | | | | | | 81,000,000 | | | | | | 54,000,000 | | | | | | 81,000,000 | | | | | | 27,000,000 | | |
|
Lloyds Securities Inc.
|
| | | | 9,800,000 | | | | | | 19,600,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 19,600,000 | | | | | | 29,400,000 | | | | | | 9,800,000 | | |
|
Santander US Capital Markets LLC
|
| | | | 9,800,000 | | | | | | 19,600,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 19,600,000 | | | | | | 29,400,000 | | | | | | 9,800,000 | | |
|
TD Securities (USA)
LLC |
| | | | 9,800,000 | | | | | | 19,600,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 19,600,000 | | | | | | 29,400,000 | | | | | | 9,800,000 | | |
|
MUFG Securities Americas Inc.
|
| | | | 9,800,000 | | | | | | 19,600,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 19,600,000 | | | | | | 29,400,000 | | | | | | 9,800,000 | | |
|
U.S. Bancorp Investments,
Inc. |
| | | | 9,800,000 | | | | | | 19,600,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 24,500,000 | | | | | | 29,400,000 | | | | | | 19,600,000 | | | | | | 29,400,000 | | | | | | 9,800,000 | | |
|
Siebert Williams Shank &
Co., LLC |
| | | | 5,000,000 | | | | | | 10,000,000 | | | | | | 12,500,000 | | | | | | 15,000,000 | | | | | | 12,500,000 | | | | | | 15,000,000 | | | | | | 10,000,000 | | | | | | 15,000,000 | | | | | | 5,000,000 | | |
|
R. Seelaus & Co., LLC
|
| | | | 1,000,000 | | | | | | 2,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,000,000 | | | | | | 3,000,000 | | | | | | 1,000,000 | | |
|
Blaylock Van, LLC
|
| | | | 1,000,000 | | | | | | 2,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,000,000 | | | | | | 3,000,000 | | | | | | 1,000,000 | | |
|
Independence Point Securities LLC
|
| | | | 1,000,000 | | | | | | 2,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,000,000 | | | | | | 3,000,000 | | | | | | 1,000,000 | | |
|
Penserra Securities LLC
|
| | | | 1,000,000 | | | | | | 2,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,000,000 | | | | | | 3,000,000 | | | | | | 1,000,000 | | |
|
CastleOak Securities, L.P.
|
| | | | 1,000,000 | | | | | | 2,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,500,000 | | | | | | 3,000,000 | | | | | | 2,000,000 | | | | | | 3,000,000 | | | | | | 1,000,000 | | |
|
Total
|
| | | $ | 500,000,000 | | | | | $ | 1,000,000,000 | | | | | $ | 1,250,000,000 | | | | | $ | 1,500,000,000 | | | | | $ | 1,250,000,000 | | | | | $ | 1,500,000,000 | | | | | $ | 1,000,000,000 | | | | | $ | 1,500,000,000 | | | | | $ | 500,000,000 | | |
| | | |
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|
Calculation of Filing Fee Tables |
|||
|
|
|||
|
|
|||
| Table 1: Newly Registered and Carry Forward Securities |
|---|
|
Security Type |
Security Class Title |
Fee Calculation or Carry Forward Rule |
Amount Registered |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee |
Carry Forward Form Type |
Carry Forward File Number |
Carry Forward Initial Effective Date |
Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Newly Registered Securities | |||||||||||||
|
|
1 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
2 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
3 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
4 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
5 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
6 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
7 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
8 |
|
|
|
|
$
|
$
|
|
$
|
||||
|
|
9 |
|
|
|
|
$
|
$
|
|
$
|
||||
| Fees Previously Paid | |||||||||||||
| Carry Forward Securities | |||||||||||||
| Carry Forward Securities | |||||||||||||
|
Total Offering Amounts: |
$
|
$
|
|||||||||||
|
Total Fees Previously Paid: |
$
|
||||||||||||
|
Total Fee Offsets: |
$
|
||||||||||||
|
Net Fee Due: |
$
|
||||||||||||
|
Offering Note |
|
1 |
|
||||||
|
|
|||||||
|
2 |
|
||||||
|
|
|||||||
|
3 |
|
||||||
|
|
|||||||
|
4 |
|
||||||
|
|
|||||||
|
5 |
|
||||||
|
|
|||||||
|
6 |
|
||||||
|
|
|||||||
|
7 |
|
||||||
|
|
|||||||
|
8 |
|
||||||
|
|
|||||||
|
9 |
|
||||||
|
|
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| Table 2: Fee Offset Claims and Sources |
|---|
| Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Security Type Associated with Fee Offset Claimed | Security Title Associated with Fee Offset Claimed | Unsold Securities Associated with Fee Offset Claimed | Unsold Aggregate Offering Amount Associated with Fee Offset Claimed | Fee Paid with Fee Offset Source | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rules 457(b) and 0-11(a)(2) | |||||||||||||
| Fee Offset Claims | |||||||||||||
| Fee Offset Sources | |||||||||||||
| Rule 457(p) | |||||||||||||
| Fee Offset Claims | |||||||||||||
| Fee Offset Sources | |||||||||||||
| Table 3: Combined Prospectuses |
|---|
|
Security Type |
Security Class Title |
Amount of Securities Previously Registered |
Maximum Aggregate Offering Price of Securities Previously Registered |
Form Type |
File Number |
Initial Effective Date |
|
|---|---|---|---|---|---|---|---|
| Narrative Disclosure |
|---|
|
The maximum aggregate offering price of the securities to which the prospectus relates is $ |
|
|