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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The fair values of our fixed rate notes were estimated using Level 2 inputs including quoted market prices for these instruments. The fair value of other short-term debt approximates par value since the interest rates on this short-term debt approximate market rates as of June 30, 2024.
As of June 30, 2024
(in millions)
Debt:
Carrying Amount
Fair value
Commercial Paper$1,987 $1,987 
2025 Senior Notes (3.65%; unsecured due May 23, 2025)
1,247 1,230 
2025 Senior Notes (3.75%; unsecured due December 1, 2025)
1,249 1,222 
2027 Senior Notes (4.00%; unsecured due September 15, 2027)
1,490 1,451 
2027 Senior Notes (3.10%; unsecured due September 15, 2027)
498 470 
2028 Senior Notes (3.625%; unsecured due September 1, 2028)
929 943 
2028 Senior Notes (3.75%; unsecured due September 21, 2028)
596 572 
2029 Senior Notes (4.35%; unsecured due June 15, 2029)
1,242 1,211 
2030 Senior Notes (2.10%; unsecured due June 15, 2030)
1,239 1,061 
2031 Senior Notes (5.25%; unsecured due June 15, 2031)
743 756 
2032 Senior Notes (1.85%; unsecured due September 15, 2032)
1,487 1,164 
2033 Senior Notes (4.60%; unsecured due March 15, 2033)
1,490 1,433 
2040 Senior Notes (2.65%; unsecured due September 15, 2040)
1,233 869 
2048 Senior Notes (4.25%; unsecured due September 21, 2048)
1,232 1,026 
2050 Senior Notes (3.00%; unsecured due June 15, 2050)
1,223 813 
2052 Senior Notes (4.95%; unsecured due June 15, 2052)
1,466 1,367 
2060 Senior Notes (3.00%; unsecured due September 15, 2060)
1,472 898 
2062 Senior Notes (5.20%; unsecured due June 15, 2062)
984 933 
Total debt
$21,807 $19,406