Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	September 30, 2022		December 31, 2021
Short-term:
Commercial paper	$	600	$	—
Current portion of long-term debt	367		17
	967		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	998		997
Senior notes – 3.50% due 2025	499		498
Senior notes – 1.349% due 2026	535		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	532		614
Senior notes – 2.250% due 2030	740		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	305		316
Other	2		3
	10,766		10,950
Less current portion	367		17
	$	10,399	$	10,933

Schedule of Estimated Fair Value Of Significant Financial Instruments

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, 2022				December 31, 2021
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	967	$	965	$	17	$	17
Long-term debt	$	10,399	$	9,434	$	10,933	$	12,466