DEBT (Tables)

3 Months Ended

Mar. 31, 2023

The carrying value of debt outstanding, net of unamortized debt issuance costs, was as follows at March 31, 2023 and December 31, 2022:


	March 31, 2023		December 31, 2022
	(in millions)
Short-term debt:
Commercial paper	$	426	$	595

Senior notes:
$1.5 billion, 0.650% due August 3, 2023	1,441		1,497
Total senior notes	1,441		1,497
Total short-term debt	$	1,867	$	2,092
Long-term debt:
Senior notes:
$600 million, 3.850% due October 1, 2024	$	595	$	599
$600 million, 4.500% due April 1, 2025	597		597
$500 million, 5.700% due March 13, 2026	497		—
$750 million, 1.350% due February 3, 2027	745		745
$600 million, 3.950% due March 15, 2027	597		597
$500 million, 5.750% due March 1, 2028	494		494
$750 million, 3.700% due March 23, 2029	743		743
$500 million, 3.125% due August 15, 2029	496		496
$500 million, 4.875% due April 1, 2030	496		495
$750 million, 2.150% due February 3, 2032	743		743
$750 million, 5.880% due March 1, 2033	740		739
$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	396		396
$500 million, 3.950% due August 15, 2049	493		493
$750 million, 5.500% due March 15, 2053	714		—
Total senior notes	9,743		8,534
Term loans:
Delayed draw term loan, due May 28, 2024	—		500
Total term loans	—		500
Total long-term debt	$	9,743	$	9,034