Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Company’s Outstanding Debt

The Company’s outstanding debt is as follows:

December 31,
(In millions)	2023		2022
Short-term:
Current portion of long-term debt	$	1,619	$	268
	1,619		268
Long-term:
Senior notes – 4.05% due 2023	—		250
Senior notes – 3.50% due 2024	600		599
Senior notes – 3.875% due 2024	1,000		998
Senior notes – 3.50% due 2025	499		499
Senior notes – 1.349% due 2026	617		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	601		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	988		—
Mortgage – 5.70% due 2035	284		301
Other	5		4
	13,463		11,495
Less current portion	1,619		268
	$	11,844	$	11,227

Schedule of 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, 2023				December 31, 2022
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	1,619	$	1,610	$	268	$	265
Long-term debt	$	11,844	$	11,723	$	11,227	$	10,544