DEBT (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Details of the Company’s outstanding long-term debt, as well as the fair values, are as follows (in millions):

	March 31, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
4.200% senior notes, net of discount and financing fees, due 2022	$	184	105	%	$	184	106	%
4.200% senior notes, net of discount and financing fees, due 2024	396		111	%	396		111	%
3.400% senior notes, net of discount and financing fees, due 2026	397		108	%	397		111	%
3.950% senior notes, net of discount and financing fees, due 2029	445		110	%	445		115	%
3.875% senior notes, net of discount and financing fees, due 2030	297		109	%	297		115	%
7.000% senior notes, net of discount and financing fees, due 2036	368		136	%	368		142	%
4.300% senior notes, net of discount and financing fees, due 2047	588		109	%	588		120	%
4.400% senior notes, net of discount and financing fees, due 2048	390		110	%	390		121	%
Various finance leases, due through 2036 (a)	101		100	%	78		100	%
Other	2		n/a		2		n/a
Total long-term debt	3,168		n/a		3,145		n/a
Less – current portion (a)	23		100	%	19		100	%
Long-term debt, net of current portion	$	3,145	n/a		$	3,126	n/a

(a) The Company determined that the book value of the above noted long-term debt instruments approximates fair value.

Schedule of Line of Credit Facilities

The following table shows how the Company utilized its primary sources of liquidity (in millions):

	Balance at March 31, 2021
	Senior Revolving Credit Facility		Receivables Securitization Facility
Facility size or borrowing limit	$	800	$	280
Collateral capacity limitation on availability	n/a		—
Outstanding borrowings	—		—
Outstanding letters of credit	4		1
Availability on facility	$	796	$	279