DEBT (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of Outstanding Debt

Outstanding debt at March 31, 2023 consists of the following (in millions): 

March 31, 2023	Outstanding  Principal  Amount		Unamortized Debt Discount and Debt Issuance Cost		Carrying  Value
Current liabilities:
0.75% Convertible Senior Notes due May 2025	$	863	$	(9)	$	854
Total current liabilities	$	863	$	(9)	$	854
Long-term debt:
2.375% (€1 Billion) Senior Notes due September 2024	$	1,086	$	(2)	$	1,084
3.65% Senior Notes due March 2025	500		(1)		499
0.1% (€950 Million) Senior Notes due March 2025	1,032		(3)		1,029
3.6% Senior Notes due June 2026	1,000		(3)		997
4.0% (€750 Million) Senior Notes due November 2026	815		(4)		811
1.8% (€1 Billion) Senior Notes due March 2027	1,086		(2)		1,084
3.55% Senior Notes due March 2028	500		(2)		498
0.5% (€750 Million) Senior Notes due March 2028	815		(4)		811
4.25% (€750 Million) Senior Notes due May 2029	815		(6)		809
4.625% Senior Notes due April 2030	1,500		(8)		1,492
4.5% (€1 Billion) Senior Notes due November 2031	1,086		(6)		1,080
4.75% (€1 Billion) Senior Notes due November 2034	1,086		(8)		1,078
Total long-term debt	$	11,321	$	(49)	$	11,272

Outstanding debt at December 31, 2022 consists of the following (in millions):

December 31, 2022	Outstanding  Principal  Amount		Unamortized Debt Discount and Debt Issuance Cost		Carrying  Value
Current liabilities:
2.75% Senior Notes due March 2023	$	500	$	—	$	500
Total current liabilities	$	500	$	—	$	500
Long-term debt:
2.375% (€1 Billion) Senior Notes due September 2024	$	1,067	$	(3)	$	1,064
3.65% Senior Notes due March 2025	500		(1)		499
0.1% (€950 Million) Senior Notes due March 2025	1,014		(3)		1,011
0.75% Convertible Senior Notes due May 2025	863		(9)		854
3.6% Senior Notes due June 2026	1,000		(3)		997
4.0% (€750 Million) Senior Notes due November 2026	800		(3)		797
1.8% (€1 Billion) Senior Notes due March 2027	1,067		(2)		1,065
3.55% Senior Notes due March 2028	500		(2)		498
0.5% (€750 Million) Senior Notes due March 2028	800		(3)		797
4.25% (€750 Million) Senior Notes due May 2029	800		(6)		794
4.625% Senior Notes due April 2030	1,500		(9)		1,491
4.5% (€1 Billion) Senior Notes due November 2031	1,067		(7)		1,060
4.75% (€1 Billion) Senior Notes due November 2034	1,067		(9)		1,058
Total long-term debt	$	12,045	$	(60)	$	11,985

Summary of Interest Expense

	For the Three Months Ended March 31,
	2023		2022
Coupon interest expense	$	92	$	58
Amortization of debt discount and debt issuance costs	3		3
Total interest expense	$	95	$	61