Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions)	March 31, 2024		December 31, 2023
Short-term:
Commercial paper	$	50	$	—
Current portion of long-term debt	1,119		1,619
	$	1,169	$	1,619
Long-term:
Senior notes – 3.50% due 2024	$	600	$	600
Senior notes – 3.875% due 2024	—		1,000
Senior notes – 3.50% due 2025	499		499
Senior notes – 1.349% due 2026	601		617
Senior notes – 3.75% due 2026	599		599
Senior notes – 4.375% due 2029	1,499		1,499
Senior notes – 1.979% due 2030	587		601
Senior notes – 2.25% due 2030	742		741
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		592
Senior notes – 5.150% due 2034	496		—
Senior notes – 4.75% due 2039	496		496
Senior notes – 4.35% due 2047	494		494
Senior notes – 4.20% due 2048	593		593
Senior notes – 4.90% due 2049	1,239		1,239
Senior notes – 2.90% due 2051	346		346
Senior notes – 6.25% due 2052	491		491
Senior notes – 5.450% due 2053	591		591
Senior notes – 5.700% due 2053	988		988
Senior notes – 5.450% due 2054	494		—
Mortgage – 5.70% due 2035	280		284
Other	4		5
	13,419		13,463
Less: current portion	1,119		1,619
	$	12,300	$	11,844

Schedule of Estimated Fair Value of Significant Financial Instruments

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.

	March 31, 2024				December 31, 2023
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	1,169	$	1,159	$	1,619	$	1,610
Long-term debt	$	12,300	$	11,915	$	11,844	$	11,723