Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	March 31, 2020		December 31, 2019
Short-term:
Commercial paper	$	193	$	—
Term loan facility - one year	500		—
Revolving credit facility	1,000		—
Current portion of long-term debt	716		1,215
	2,409		1,215
Long-term:
Senior notes – 2.35% due 2020	—		500
Senior notes – 3.50% due 2020	699		698
Senior notes – 4.80% due 2021	499		499
Senior notes - Floating rate due 2021	299		298
Senior notes – 2.75% due 2022	498		498
Senior notes – 3.30% due 2023	349		349
Senior notes – 4.05% due 2023	249		249
Senior notes – 3.50% due 2024	597		597
Senior notes – 3.875% due 2024	994		994
Senior notes – 3.50% due 2025	497		497
Senior notes – 1.349% due 2026	605		609
Senior notes – 3.75% due 2026	597		597
Senior notes – 4.375% due 2029	1,499		1,499
Senior notes – 1.979% due 2030	604		607
Senior notes – 5.875% due 2033	298		298
Senior notes – 4.75% due 2039	494		494
Senior notes – 4.35% due 2047	493		492
Senior notes – 4.20% due 2048	592		592
Senior notes – 4.90% due 2049	1,237		1,237
Mortgage – 5.70% due 2035	341		345
Term loan facility - two year	500		—
Other	6		7
	11,947		11,956
Less current portion	716		1,215
	$	11,231	$	10,741

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, 2020				December 31, 2019
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	2,409	$	2,416	$	1,215	$	1,229
Long-term debt	$	11,231	$	12,033	$	10,741	$	11,953