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Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | The Company’s outstanding debt is as follows:
(In millions) | September 30, 2023 |  | December 31, 2022
Short-term: |  |  |
Current portion of long-term debt | $ | 1,868 |  |  | $ | 268 |
Long-term: |  |  |
Senior notes – 4.05% due 2023 | 250 |  |  | 250 |
Senior notes – 3.50% due 2024 | 600 |  |  | 599 |
Senior notes – 3.875% due 2024 | 999 |  |  | 998 |
Senior notes – 3.50% due 2025 | 499 |  |  | 499 |
Senior notes – 1.349% due 2026 | 581 |  |  | 587 |
Senior notes – 3.75% due 2026 | 599 |  |  | 598 |
Senior notes – 4.375% due 2029 | 1,499 |  |  | 1,499 |
Senior notes – 1.979% due 2030 | 570 |  |  | 576 |
Senior notes – 2.25% due 2030 | 741 |  |  | 739 |
Senior notes – 2.375% due 2031 | 397 |  |  | 397 |
Senior notes – 5.750% due 2032 | 493 |  |  | 493 |
Senior notes – 5.875% due 2033 | 298 |  |  | 298 |
Senior notes – 5.400% due 2033 | 592 |  |  | — |
Senior notes – 4.75% due 2039 | 496 |  |  | 495 |
Senior notes – 4.35% due 2047 | 494 |  |  | 493 |
Senior notes – 4.20% due 2048 | 593 |  |  | 593 |
Senior notes – 4.90% due 2049 | 1,239 |  |  | 1,238 |
Senior notes – 2.90% due 2051 | 346 |  |  | 346 |
Senior notes – 6.25% due 2052 | 491 |  |  | 492 |
Senior notes – 5.450% due 2053 | 591 |  |  | — |
Senior notes – 5.700% due 2053 | 989 |  |  | — |
Mortgage – 5.70% due 2035 | 288 |  |  | 301 |
Other | 4 |  |  | 4 |
| 13,649 |  |  | 11,495 |
Less: current portion | 1,868 |  |  | 268 |
| $ | 11,781 |  |  | $ | 11,227 |
Schedule of Estimated Fair Value Of Significant Financial Instruments | 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.
| September 30, 2023 |  | December 31, 2022
(In millions) | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Short-term debt | $ | 1,868 |  |  | $ | 1,849 |  |  | $ | 268 |  |  | $ | 265 |
Long-term debt | $ | 11,781 |  |  | $ | 10,731 |  |  | $ | 11,227 |  |  | $ | 10,544 |

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