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DEBT (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Carrying Value of Debt Outstanding
The carrying value of debt outstanding, net of unamortized debt issuance costs, was as follows at June 30, 2022 and December 31, 2021:
June 30, 2022December 31, 2021
(in millions)
Short-term debt:
Commercial paper$541 $955 
Senior notes:
$600 million, 3.150% due December 1, 2022
600 599 
$400 million, 2.900% due December 15, 2022
400 399 
Total senior notes1,000 998
Total short-term debt$1,541 $1,953 
Long-term debt:
Senior notes:
$1.5 billion, 0.650% due August 3, 2023
$1,495 $1,492 
$600 million, 3.850% due October 1, 2024
598 598 
$600 million, 4.500% due April 1, 2025
597 596 
$750 million, 1.350% due February 3, 2027
744 742 
$600 million, 3.950% due March 15, 2027
597 596 
$750 million, 3.700% due March 23, 2029
741 — 
$500 million, 3.125% due August 15, 2029
496 496 
$500 million, 4.875% due April 1, 2030
495 495 
$750 million, 2.150% due February 3, 2032
742 741 
$250 million, 8.150% due June 15, 2038
261 261 
$400 million, 4.625% due December 1, 2042
396 396 
$750 million, 4.950% due October 1, 2044
740 740 
$400 million, 4.800% due March 15, 2047
395 395 
$500 million, 3.950% due August 15, 2049
493 493 
Total senior notes8,790 8,041 
Term loans:
Term loan, due October 29, 20232,0002,000
Delayed draw term loan, due May 28, 2024500500
Total term loans2,5002,500
Total long-term debt$11,290 $10,541