Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Summary of Debt

Debt is comprised of the following at the dates indicated (in millions):

	June 30, 2021		December 31, 2020
3.15% senior notes due 2021	$	—	$	94
3.75% senior notes due 2021	357		369
4.00% senior notes due 2022	250		250
3.85% senior notes due 2023	1,086		1,090
4.00% senior notes due 2024	200		200
4.875% senior notes due 2025	493		492
3.90% senior notes due 2025	47		47
4.20% senior notes due 2026	1,974		1,973
5.375% senior notes due 2036	416		416
5.50% senior notes due 2046	657		657
Other debt	15		19
Total debt	5,495		5,607
Short-term debt and current portion of long-term debt	(610)		(466)
Long-term debt	$	4,885	$	5,141

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):

	June 30, 2021				December 31, 2020
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	6,173	$	5,480	$	6,277	$	5,588