Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Company’s outstanding debt

13.    Debt

The Company’s outstanding debt is as follows:

December 31,
(In millions)	2021		2020
Short-term:
Current portion of long-term debt	$	17	$	517
	17		517
Long-term:
Senior notes – 4.80% due 2021	—		500
Senior notes – 2.75% due 2022	—		499
Senior notes – 3.30% due 2023	349		349
Senior notes – 4.05% due 2023	249		249
Senior notes – 3.50% due 2024	599		598
Senior notes – 3.875% due 2024	997		995
Senior notes – 3.50% due 2025	498		498
Senior notes – 1.349% due 2026	629		677
Senior notes – 3.75% due 2026	598		597
Senior notes – 4.375% due 2029	1,499		1,499
Senior notes – 1.979% due 2030	614		664
Senior notes – 2.25% due 2030	739		737
Senior notes – 2.375% due 2031	397		—
Senior notes – 5.875% due 2033	298		298
Senior notes – 4.75% due 2039	495		495
Senior notes – 4.35% due 2047	493		493
Senior notes – 4.20% due 2048	593		592
Senior notes – 4.90% due 2049	1,238		1,237
Senior notes – 2.90% due 2051	346		—
Mortgage – 5.70% due 2035	316		331
Other	3		5
	10,950		11,313
Less current portion	17		517
	$	10,933	$	10,796

Estimated fair value of short-term and long-term debt

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.

	December 31, 2021				December 31, 2020
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	17	$	17	$	517	$	523
Long-term debt	$	10,933	$	12,466	$	10,796	$	12,858