DEBT (TABLE)

12 Months Ended

Dec. 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):

	December 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	106	%
4.200% senior notes, net of discount and financing fees, due 2024	397		107	%	396		111	%
3.400% senior notes, net of discount and financing fees, due 2026	397		106	%	397		111	%
3.950% senior notes, net of discount and financing fees, due 2029	446		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		141	%	368		142	%
4.300% senior notes, net of discount and financing fees, due 2047	589		115	%	588		120	%
4.400% senior notes, net of discount and financing fees, due 2048	390		118	%	390		121	%
Various finance leases, due through 2036 (a)	99		100	%	78		100	%
Other	2		n/a		2		n/a
Total long-term debt	2,985		n/a		3,145		n/a
Less – current portion (a)	25		100	%	19		100	%
Long-term debt, net of current portion	$	2,960	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.

The fair values of the Company's outstanding long-term debt instruments were estimated using market observable inputs, including quoted prices in active markets, market indices and interest rate measurements. Within the hierarchy of fair value measurements, these are Level 2 fair values.

Schedule of Line of Credit Facilities

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

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

Schedule of Maturities of Long-term Debt

The aggregate maturities for all outstanding long-term debt borrowings for each of the five years following December 31, 2021 and thereafter are presented in the table below (in millions). The maturities below are the aggregate par amounts of the outstanding senior notes and finance lease liabilities:

Period	Maturities
2022	$	25
2023	20
2024	414
2025	8
2026	406
2027 and beyond	2,152
Total	$	3,025