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DEBT (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Carrying Value of Debt Outstanding
The carrying value of debt outstanding was as follows at December 31, 2019 and 2018:
 
2019
 
2018
 
(in millions)
Short-term debt:
 
Commercial paper
$
300

 
$
645

Term note

 
650

Senior notes:
 
 
 
$400 million, 2.625% due October 1, 2019

 
399

$400 million, 2.50% due December 15, 2020
399

 

Total short-term debt
$
699

 
$
1,694

 
 
Long-term debt:
 
Senior notes:
 
$400 million, 2.50% due December 15, 2020
$

 
$
398

$600 million, 3.15% due December 1, 2022
598

 
596

$400 million, 2.90% due December 15, 2022
397

 
396

$600 million, 3.85% due October 1, 2024
597

 
597

$600 million, 3.95% due March 15, 2027
595

 
594

$500 million, 3.125% due August 15, 2029
495

 

$250 million, 8.15% due June 15, 2038
262

 
263

$400 million, 4.625% due December 1, 2042
396

 
396

$750 million, 4.95% due October 1, 2044
739

 
739

$400 million, 4.80% due March 15, 2047
396

 
396

$500 million, 3.95% due August 15, 2049
492

 

Total long-term debt
$
4,967

 
$
4,375


Schedule of Maturities of Long-term Debt
Maturities of the short-term and long-term debt for the years ending December 31, are as follows:
For the years ending December 31,
(in millions)
2020
$
700

2021

2022
1,000

2023

2024
600

Thereafter
3,400