Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

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

	September 30, 2022		December 31, 2021
3.85% senior notes due 2023	$	1,088	$	1,086
4.00% senior notes due 2024	196		203
4.875% senior notes due 2025	495		494
3.90% senior notes due 2025	47		47
4.20% senior notes due 2026	1,977		1,975
6.375% senior notes due 2027	480		—
6.625% senior notes due 2029	479		—
5.375% senior notes due 2036	417		417
5.50% senior notes due 2046	658		658
Other debt	3		6
Total debt	5,840		4,886
Short-term debt and current portion of long-term debt	(1,078)		(3)
Long-term debt	$	4,762	$	4,883

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, 2022				December 31, 2021
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	5,503	$	5,837	$	5,477	$	4,880