Debt (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	September 30, 2018		December 31, 2017
Short-term:
Commercial paper	$	75	$	—
Current portion of long-term debt	563		262
	638		262
Long-term:
Senior notes – 2.55% due 2018 (a)	250		250
Senior notes – 2.35% due 2019	300		299
Senior notes – 2.35% due 2020	499		498
Senior notes – 4.80% due 2021	499		498
Senior notes – 2.75% due 2022	497		496
Senior notes – 3.30% due 2023	348		348
Senior notes – 4.05% due 2023	248		248
Senior notes – 3.50% due 2024	597		596
Senior notes – 3.50% due 2025	496		496
Senior notes – 3.75% due 2026	596		596
Senior notes – 5.875% due 2033	298		297
Senior notes – 4.35% due 2047	492		492
Senior notes – 4.20% due 2048	592		—
Mortgage – 5.70% due 2035	361		370
Other	2		3
	6,075		5,487
Less current portion	563		262
	$	5,512	$	5,225
(a) Repaid on October 15, 2018.

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.

	September 30, 2018				December 31, 2017
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	638	$	637	$	262	$	264
Long-term debt	$	5,512	$	5,477	$	5,225	$	5,444