Debt and Revolving Facility (Tables)

9 Months Ended

Sep. 30, 2023

The Company’s total debt as of September 30, 2023 and December 31, 2022 consisted of the following:


	September 30, 2023		December 31, 2022
	(In millions)
2.95% Senior Notes Due 2024 (2.95% Notes)	$	750	$	750
2.125% Convertible Senior Notes Due 2026 (2.125% Notes)	—		1
2.375% Senior Notes Due 2030 (2.375% Notes)	750		750
3.924% Senior Notes Due 2032 (3.924% Notes)	500		500
4.393% Senior Notes Due 2052 (4.393% Notes)	500		500
Total debt (principal amount)	2,500		2,501
Unamortized debt premium, discount and issuance costs, net	(33)		(34)
Total debt (net)	2,467		2,467
Less: current portion of long-term debt (principal amount)	(750)		—
Less: unamortized debt premium related to current portion of debt	(2)		—
Total long-term debt	$	1,715	$	2,467

Future Debt Payment Obligations

As of September 30, 2023, the Company’s future principal debt payment obligations were as follows: