Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of debt

Presented below are our debt carrying amounts, net of related discounts, premiums and debt issuance costs, as of March 31, 2024 and December 31, 2023:

	As of March 31, 2024		As of December 31, 2023
2.900% senior notes due June 1, 2030	$	596	$	596
3.200% senior notes due October 1, 2026	499		499
3.900% senior notes due June 1, 2050	391		391
6.625% senior notes due April 15, 2037	253		253
Revolving credit agreement	—		—
Other long-term borrowings	1		1
Total long-term debt	1,740		1,740
Commercial paper	16		327
Other short-term borrowings	125		121
Total short-term borrowings	141		448
Total debt	$	1,881	$	2,188