Financing Activities (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Debt

The following table details the equity and liability component recognized related to the Convertible Notes, prior to and following the adoption of ASU 2020-06:

(in millions)	June 30, 2022		December 31, 2021
Equity component:
Carrying amount of Convertible Notes	$	—	$	311
Carrying amount of issuance costs	—		(11)
Net carrying amount	$	—	$	300
Liability component:
Principal amount	$	1,795	$	2,097
Unamortized debt discount	—		(255)
Net carrying amount	$	1,795	$	1,842

Interest Income and Interest Expense Disclosure

The Company recognized interest expense associated with the Convertible Notes as follows:

	Three months ended June 30,				Six months ended June 30,
(in millions)	2022		2021		2022		2021
Non-cash amortization of the debt discount	$	—	$	19	$	—	$	37
Non-cash amortization of debt issuance costs	3		2		7		4
Contractual coupon interest	6		7		12		15
Total interest expense	$	9	$	28	$	19	$	56

Schedule of Extinguishment of Debt

The following tables present the impact of the partial extinguishment of the Company's Convertible Notes and early prepayment of debt within the unaudited Condensed Consolidated Statement of Comprehensive Income for the three and six months ended June 30, 2022:

	Three months ended June 30, 2022
(in millions)	Cash payment		Principal repayment		Loss on extinguishment (a)		Non-cash amortization of debt discount and (issuance) costs
1.25% Convertible Notes due 2025	$	178	$	138	$	42	$	(2)
5.125% Notes due 2027	$	27	$	26	$	1	$	—
4.75% Notes due 2023	3		3		—		—
5.25% Notes due 2025	1		1		—		—
Total	$	209	$	168	$	43	$	(2)

	Six months ended June 30, 2022
(in millions)	Cash payment		Principal repayment		Loss on extinguishment (a)		Non-cash amortization of debt discount and (issuance) costs
1.25% Convertible Notes due 2025	$	409	$	302	$	112	$	(5)
5.125% Notes due 2027	$	61	$	56	$	4	$	1
4.75% Notes due 2023	3		3		—		—
5.25% Notes due 2025	1		1		—		—
Total	$	474	$	362	$	116	$	(4)