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Fair Value Measurements (Tables)
9 Months Ended
Sep. 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 September 30, 2024.
As of September 30, 2024
(in millions)
Debt:
Carrying Amount
Fair value
Commercial Paper$1,371 $1,371 
2025 Senior Notes (3.65%; unsecured due May 23, 2025)
1,248 1,242 
2025 Senior Notes (3.75%; unsecured due December 1, 2025)
1,249 1,243 
2027 Senior Notes (4.00%; unsecured due September 15, 2027)
1,491 1,503 
2027 Senior Notes (3.10%; unsecured due September 15, 2027)
498 487 
2028 Senior Notes (3.625%; unsecured due September 1, 2028)
933 979 
2028 Senior Notes (3.75%; unsecured due September 21, 2028)
596 592 
2029 Senior Notes (4.35%; unsecured due June 15, 2029)
1,243 1,261 
2030 Senior Notes (2.10%; unsecured due June 15, 2030)
1,239 1,115 
2031 Senior Notes (5.25%; unsecured due June 15, 2031)
743 790 
2032 Senior Notes (1.85%; unsecured due September 15, 2032)
1,487 1,244 
2033 Senior Notes (4.60%; unsecured due March 15, 2033)
1,490 1,517 
2040 Senior Notes (2.65%; unsecured due September 15, 2040)
1,233 944 
2048 Senior Notes (4.25%; unsecured due September 21, 2048)
1,233 1,111 
2050 Senior Notes (3.00%; unsecured due June 15, 2050)
1,223 895 
2052 Senior Notes (4.95%; unsecured due June 15, 2052)
1,466 1,497 
2060 Senior Notes (3.00%; unsecured due September 15, 2060)
1,472 1,003 
2062 Senior Notes (5.20%; unsecured due June 15, 2062)
985 1,022 
Total debt
$21,200 $19,816