DEBT (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Carrying Value of Debt Outstanding

The carrying value of debt outstanding was as follows at December 31, 2021 and 2020:

	2021		2020
	(in millions)
Short-term debt:
Commercial paper	$	955	$	600
Senior notes:
$600 million, 3.15% due December 1, 2022	599		—
$400 million, 2.90% due December 15, 2022	399		—
Total senior notes	998		—
Total short-term debt	$	1,953	$	600
Long-term debt:
Senior notes:
$600 million, 3.15% due December 1, 2022	—		598
$400 million, 2.90% due December 15, 2022	—		398
$1.5 billion, 0.65% due August 3, 2023	1,492		—
$600 million, 3.85% due October 1, 2024	598		598
$600 million, 4.50% due April 1, 2025	596		595
$750 million, 1.35% due February 3, 2027	742		—
$600 million, 3.95% due March 15, 2027	596		596
$500 million, 3.125% due August 15, 2029	496		495
$500 million, 4.875% due April 1, 2030	495		494
$750 million, 2.15% due February 3, 2032	741		—
$250 million, 8.15% due June 15, 2038	261		262
$400 million, 4.625% due December 1, 2042	396		396
$750 million, 4.95% due October 1, 2044	740		739
$400 million, 4.80% due March 15, 2047	395		396
$500 million, 3.95% due August 15, 2049	493		493
Term loans:
Term loan, due October 29, 2023	2,000		—
Delayed draw term loan, due May 28, 2024	500		—
Total long-term debt	$	10,541	$	6,060

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)
2022	$	1,955
2023	3,500
2024	1,100
2025	600
2026	—
Thereafter	5,400