Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	March 31, 2017		December 31, 2016
Short-term:
Commercial paper	$	150	$	50
Current portion of long-term debt	262		262
	412		312
Long-term:
Senior notes – 2.30% due 2017 (a)	250		250
Senior notes – 2.55% due 2018	249		249
Senior notes – 2.35% due 2019	299		299
Senior notes – 2.35% due 2020	497		497
Senior notes – 4.80% due 2021	498		498
Senior notes – 2.75% due 2022	496		—
Senior notes – 3.30% due 2023	347		347
Senior notes – 4.05% due 2023	248		248
Senior notes – 3.50% due 2024	596		596
Senior notes – 3.50% due 2025	495		495
Senior notes – 3.75% due 2026	596		596
Senior notes – 5.875% due 2033	297		297
Senior notes – 4.35% due 2047	492		—
Mortgage – 5.70% due 2035	379		382
Other	2		3
	5,741		4,757
Less current portion	262		262
	$	5,479	$	4,495

^(a) Repaid on April 1, 2017.

Estimated Fair Value Of Significant Financial Instruments

The estimated fair value of the Company’s short-term and long-term debt is provided below. Certain estimates and judgments were required to develop the fair value amounts. The fair value amounts shown below are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or need to dispose of the financial instrument.

	March 31, 2017				December 31, 2016
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	412	$	412	$	312	$	313
Long-term debt	$	5,479	$	5,658	$	4,495	$	4,625