Debt Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023		December 31, 2022
			(In millions)
2.5% Notes	$1 billion	2026	$	998	$	997
3.25% Notes	$1 billion	2030	991		989
2.900% Notes	$750 million	2032	744		744
2.700% Notes	$750 million	2051	732		731
1% Notes	€650 million	2025	717		691
4.5% Notes	$600 million	2049	589		589
4.500% Notes	$500 million	2033	492		—
5.375% Debentures	$432 million	2035	426		425
3.75% Notes	$408 million	2047	403		403
5.935% Debentures	$336 million	2032	334		334
5.765% Debentures	$297 million	2041	297		297
4.535% Debentures	$383 million	2042	288		286
4.016% Debentures	$371 million	2043	263		260
7% Debentures	$160 million	2031	159		159
6.95% Debentures	$157 million	2097	154		154
7.5% Debentures	$147 million	2027	147		147
6.625% Debentures	$144 million	2029	144		144
6.75% Debentures	$103 million	2027	103		103
6.45% Debentures	$103 million	2038	102		102
1.750% Notes	€600 million	2023	—		641
0% Bonds	$300 million	2023	—		304
Other			177		177
Total long-term debt including current maturities			8,260		8,677
Current maturities			(1)		(942)
Total long-term debt			$	8,259	$	7,735