The investment-grade notes offering consists of five tranches 

Davis Polk advised the representatives of the underwriters in connection with an $8.25 billion SEC-registered debt offering by, Inc., consisting of $1.25 billion of its 4.700% notes due 2024, $1.25 billion of its 4.600% notes due 2025, $2 billion of its 4.550% notes due 2027, $1.5 billion of its 4.650% notes due 2029 and $2.25 billion of its 4.700% notes due 2032.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jason Bassetti and associates Elsie Cheang and Christian Mueller. Counsel Aliza Slansky provided tax advice. Partner Frank J. Azzopardi and associate Alexis N. Wallace provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.