Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Debt

The following is a summary of outstanding debt at December 31, (in millions):

	2022		2021
3.85% senior notes due 2023	$	—	$	1,086
4.00% senior notes due 2024	196		203
4.875% senior notes due 2025	496		494
3.90% senior notes due 2025	47		47
4.20% senior notes due 2026	1,978		1,975
6.375% senior notes due 2027	483		—
6.625% senior notes due 2029	481		—
5.375% senior notes due 2036	417		417
5.50% senior notes due 2046	658		658
Revolving credit facility	225		—
Commercial paper	359		—
Receivables facility	35		—
Other debt	2		6
Total debt	5,377		4,886
Short-term debt and current portion of long-term debt	(621)		(3)
Long-term debt	$	4,756	$	4,883

Schedule of Maturities of Long-term Debt

The Company’s debt maturities for the five years following December 31, 2022 and thereafter are as follows (in millions):

2023	2024	2025	2026	2027	Thereafter	Total
$621	$201	$547	$1,985	$500	$1,587	$5,441

Schedule of Fair Value of Senior Notes

The fair values of the Company’s senior notes are based on quoted market prices and are as follows at December 31, (in millions):

	2022				2021
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	4,511	$	4,756	$	5,477	$	4,880