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Debt (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Summary of Debt
Debt is comprised of the following at the dates indicated (in millions):
September 30, 2020December 31, 2019
4.70% senior notes due 2020
$— $305 
3.15% senior notes due 2021
94 94 
3.75% senior notes due 2021
355 342 
4.00% senior notes due 2022
250 249 
3.85% senior notes due 2023
1,389 1,388 
4.00% senior notes due 2024
200 199 
4.875% senior notes due 2025
492 — 
3.90% senior notes due 2025
47 47 
4.20% senior notes due 2026
1,973 1,986 
5.375% senior notes due 2036
416 416 
5.50% senior notes due 2046
657 657 
Commercial paper— 25 
Other debt18 15 
Total debt
5,891 5,723 
Short-term debt and current portion of long-term debt(97)(332)
Long-term debt
$5,794 $5,391 
Schedule of Fair Value of Senior Notes
The fair value of the Company’s senior notes are based upon prices of similar instruments in the marketplace and are as follows (in millions):
September 30, 2020December 31, 2019
Fair ValueBook ValueFair ValueBook Value
Senior notes$6,329 $5,873 $5,990 $5,683