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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Debt
The following table provides the aggregate carrying value and fair value of our total long-term debt:
(in millions)June 30, 2022December 31, 2021
Carrying value$27,680 $28,044 
Fair value23,956 30,459 
Foreign currency denominated debt included in long-term debt above:
Carrying value4,444 4,817 
Fair value4,150 5,114 
Pre-tax Effects of Net Investment Hedges on Accumulated Other Comprehensive Losses
The pre-tax effects of our net investment hedges on accumulated other comprehensive losses and our condensed consolidated statements of earnings were as follows:
(Gain) Loss Recognized in Accumulated Other Comprehensive Losses(Gain) Loss Recognized in
Net Earnings
(Gain) Loss Recognized in Accumulated Other Comprehensive Losses(Gain) Loss Recognized in
Net Earnings
For the Six Months Ended June 30,For the Three Months Ended June 30,
(in millions)20222021202220212022202120222021
Foreign currency contracts$ $(16)$ $(7)$ $19 $ $(2)
Foreign currency denominated debt(375)(152) — (247)54  — 
Total$(375)$(168)$ $(7)$(247)$73 $ $(2)