Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	June 30, 2019		December 31, 2018
Short-term:
Commercial paper	$	549	$	—
Term loan facility	300		—
Current portion of long-term debt	814		314
	1,663		314
Long-term:
Senior notes – 2.35% due 2019	300		300
Senior notes – 2.35% due 2020	499		499
Senior notes – 3.50% due 2020	697		—
Senior notes – 4.80% due 2021	499		499
Senior notes - Floating rate due 2021	298		—
Senior notes – 2.75% due 2022	498		497
Senior notes – 3.30% due 2023	348		348
Senior notes – 4.05% due 2023	249		249
Senior notes – 3.50% due 2024	597		597
Senior notes – 3.875% due 2024	993		—
Senior notes – 3.50% due 2025	497		496
Senior notes – 1.349% due 2026	618		—
Senior notes – 3.75% due 2026	597		596
Senior notes – 4.375% due 2029	1,499		—
Senior notes – 1.979% due 2030	617		—
Senior notes – 5.875% due 2033	298		297
Senior notes – 4.75% due 2039	494		—
Senior notes – 4.35% due 2047	492		492
Senior notes – 4.20% due 2048	592		592
Senior notes – 4.90% due 2049	1,236		—
Mortgage – 5.70% due 2035	351		358
Other	4		4
	12,273		5,824
Less current portion	814		314
	$	11,459	$	5,510

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.

	June 30, 2019				December 31, 2018
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	1,633	$	1,665	$	314	$	313
Long-term debt	$	11,459	$	12,231	$	5,510	$	5,437