Debt Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-Term Debt

The Company’s long-term debt consisted of the following:

Debt Instrument
Interest Rate	Face Amount	Due Date	December 31, 2021		December 31, 2020
			(In millions)
2.5% Notes	$1 billion	2026	$	996	$	995
3.25% Notes	$1 billion	2030	988		987
1% Notes	€650 million	2025	735		789
2.700% Notes	$750 million	2051	730		—
1.75% Notes	€600 million	2023	681		731
4.5% Notes	$600 million	2049	588		588
Fixed to Floating Rate Notes	€500 million	2022	569		—
5.375% Debentures	$432 million	2035	425		424
3.75% Notes	$408 million	2047	402		402
5.935% Debentures	$336 million	2032	333		333
0% Bonds	$300 million	2023	310		330
5.765% Debentures	$297 million	2041	297		297
4.535% Debentures	$383 million	2042	283		281
4.016% Debentures	$371 million	2043	258		255
7% Debentures	$160 million	2031	159		159
6.95% Debentures	$157 million	2097	154		154
7.5% Debentures	$147 million	2027	147		146
6.625% Debentures	$144 million	2029	144		144
6.75% Debentures	$103 million	2027	103		103
6.45% Debentures	$103 million	2038	102		102
2.75% Notes	$500 million	2025	—		493
Other			177		174
Total long-term debt including current maturities			8,581		7,887
Current maturities			(570)		(2)
Total long-term debt			$	8,011	$	7,885