Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	March 31, 2022		December 31, 2021
Short-term:
Commercial paper	$	825	$	—
Current portion of long-term debt	366		17
	1,191		17
Long-term:
Senior notes – 3.30% due 2023	350		349
Senior notes – 4.05% due 2023	250		249
Senior notes – 3.50% due 2024	599		599
Senior notes – 3.875% due 2024	997		997
Senior notes – 3.50% due 2025	498		498
Senior notes – 1.349% due 2026	615		629
Senior notes – 3.75% due 2026	598		598
Senior notes – 4.375% due 2029	1,499		1,499
Senior notes – 1.979% due 2030	600		614
Senior notes – 2.250% due 2030	739		739
Senior notes – 2.375% due 2031	396		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		593
Senior notes – 4.90% due 2049	1,238		1,238
Senior notes – 2.90% due 2051	346		346
Mortgage – 5.70% due 2035	312		316
Other	2		3
	10,918		10,950
Less current portion	366		17
	$	10,552	$	10,933

Estimated Fair Value Of Significant Financial Instruments

Certain estimates and judgments were required to develop the fair value amounts. The fair value amounts 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, 2022				December 31, 2021
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	1,191	$	1,195	$	17	$	17
Long-term debt	$	10,552	$	11,004	$	10,933	$	12,466