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Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
The following is a summary of outstanding debt (in millions):
As of December 3120222021
Commercial paper$592 $665 
2.20% Senior Notes due November 2022 (1)
— 499 
4.00% Senior Notes due November 2023 (2)
350 349 
3.50% Senior Notes due June 2024
599 598 
3.875% Senior Notes due December 2025
748 748 
2.875% Senior Notes due May 2026 (EUR 500M)
530 563 
8.205% Junior Subordinated Notes due January 2027
521 521 
2.85% Senior Notes due May 2027
596 — 
4.50% Senior Notes due December 2028
348 347 
3.75% Senior Notes due May 2029
746 745 
2.80% Senior Notes due May 2030
994 993 
2.05% Senior Notes due August 2031
396 396 
2.60% Senior Notes due December 2031
496 496 
5.00% Senior Notes due September 2032
495 — 
6.25% Senior Notes due September 2040
297 296 
4.25% Senior Notes due December 2042
203 201 
4.45% Senior Notes due May 2043
247 247 
4.60% Senior Notes due June 2044
545 544 
4.75% Senior Notes due May 2045
594 593 
2.90% Senior Notes due August 2051
591 591 
3.90% Senior Notes due February 2052
877 — 
Other5 — 
Total debt10,770 9,392 
Less: Short-term debt and current portion of long-term debt945 1,164 
Total long-term debt $9,825 $8,228 
(1)The 2.20% Senior Notes due November 2022 were repaid in full on November 1, 2022.
(2)The 4.00% Senior Notes due November 2023 were reclassified as Short-term debt and current portion of long-term debt in the Consolidated Statement of Financial Position as of December 31, 2022.
Schedule of Repayments of Long-term Debt
Repayments of total debt as of December 31, 2022 are as follows (in millions):
2023$946 
2024604 
2025750 
2026532 
20271,121 
Thereafter6,956 
Total Repayments10,909 
Unamortized discounts, premiums, and debt issuance costs(139)
Total Debt$10,770 
Schedule of Commercial Paper
Commercial paper outstanding, which is included in Short-term debt and current portion of long-term debt in the Company’s Consolidated Statements of Financial Position, is as follows (in millions):
As of December 3120222021
Commercial paper outstanding$592 $665 
The weighted average commercial paper outstanding and its related interest rates are as follows (in millions, except percentages):
Years Ended December 31
20222021
Weighted average commercial paper outstanding$499 $273 
Weighted average interest rate of commercial paper outstanding1.42 %0.01 %