Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	September 30, 2023		December 31, 2022
Short-term:
Current portion of long-term debt	$	1,868	$	268
Long-term:
Senior notes – 4.05% due 2023	250		250
Senior notes – 3.50% due 2024	600		599
Senior notes – 3.875% due 2024	999		998
Senior notes – 3.50% due 2025	499		499
Senior notes – 1.349% due 2026	581		587
Senior notes – 3.75% due 2026	599		598
Senior notes – 4.375% due 2029	1,499		1,499
Senior notes – 1.979% due 2030	570		576
Senior notes – 2.25% due 2030	741		739
Senior notes – 2.375% due 2031	397		397
Senior notes – 5.750% due 2032	493		493
Senior notes – 5.875% due 2033	298		298
Senior notes – 5.400% due 2033	592		—
Senior notes – 4.75% due 2039	496		495
Senior notes – 4.35% due 2047	494		493
Senior notes – 4.20% due 2048	593		593
Senior notes – 4.90% due 2049	1,239		1,238
Senior notes – 2.90% due 2051	346		346
Senior notes – 6.25% due 2052	491		492
Senior notes – 5.450% due 2053	591		—
Senior notes – 5.700% due 2053	989		—
Mortgage – 5.70% due 2035	288		301
Other	4		4
	13,649		11,495
Less: current portion	1,868		268
	$	11,781	$	11,227

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, 2023				December 31, 2022
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	1,868	$	1,849	$	268	$	265
Long-term debt	$	11,781	$	10,731	$	11,227	$	10,544