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Debt (Tables) | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | The Company’s outstanding debt is as follows:
(In millions) | March 31, 2020 |  |  | December 31, 2019 |
Short-term: |  |  |
Commercial paper | $ | 193 |  |  | $ | — |
Term loan facility - one year | 500 |  |  | — |
Revolving credit facility | 1,000 |  |  | — |
Current portion of long-term debt | 716 |  |  | 1,215 |
| 2,409 |  |  | 1,215 |
Long-term: |  |  |
Senior notes – 2.35% due 2020 | — |  |  | 500 |
Senior notes – 3.50% due 2020 | 699 |  |  | 698 |
Senior notes – 4.80% due 2021 | 499 |  |  | 499 |
Senior notes - Floating rate due 2021 | 299 |  |  | 298 |
Senior notes – 2.75% due 2022 | 498 |  |  | 498 |
Senior notes – 3.30% due 2023 | 349 |  |  | 349 |
Senior notes – 4.05% due 2023 | 249 |  |  | 249 |
Senior notes – 3.50% due 2024 | 597 |  |  | 597 |
Senior notes – 3.875% due 2024 | 994 |  |  | 994 |
Senior notes – 3.50% due 2025 | 497 |  |  | 497 |
Senior notes – 1.349% due 2026 | 605 |  |  | 609 |
Senior notes – 3.75% due 2026 | 597 |  |  | 597 |
Senior notes – 4.375% due 2029 | 1,499 |  |  | 1,499 |
Senior notes – 1.979% due 2030 | 604 |  |  | 607 |
Senior notes – 5.875% due 2033 | 298 |  |  | 298 |
Senior notes – 4.75% due 2039 | 494 |  |  | 494 |
Senior notes – 4.35% due 2047 | 493 |  |  | 492 |
Senior notes – 4.20% due 2048 | 592 |  |  | 592 |
Senior notes – 4.90% due 2049 | 1,237 |  |  | 1,237 |
Mortgage – 5.70% due 2035 | 341 |  |  | 345 |
Term loan facility - two year | 500 |  |  | — |
Other | 6 |  |  | 7 |
| 11,947 |  |  | 11,956 |
Less current portion | 716 |  |  | 1,215 |
| $ | 11,231 |  |  | $ | 10,741 |
Estimated Fair Value Of Significant Financial Instruments | The estimated fair value of the Company’s short-term and long-term debt is provided below. Certain estimates and judgments were required to develop the fair value amounts. The fair value amounts shown below are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or need to dispose of the financial instrument.
| March 31, 2020 |  | December 31, 2019
(In millions) | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Short-term debt | $ | 2,409 |  |  | $ | 2,416 |  |  | $ | 1,215 |  |  | $ | 1,229 |
Long-term debt | $ | 11,231 |  |  | $ | 12,033 |  |  | $ | 10,741 |  |  | $ | 11,953 |

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