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v3.25.1

Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
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 our commercial paper was estimated using Level 2 inputs. The commercial paper includes a discount and fair value was determined to approximate the carrying value due to the short term to maturity.
| As of March 31, 2025
| (in millions)
Debt: | Carrying Amount |  | Fair value
Commercial Paper | $ | 433 |  |  | $ | 433 |
2025 Senior Notes (3.65%; unsecured due May 23, 2025) | 1,250 |  |  | 1,248 |
2025 Senior Notes (3.75%; unsecured due December 1, 2025) | 1,249 |  |  | 1,244 |
2027 Senior Notes (4.00%; unsecured due September 15, 2027) | 1,493 |  |  | 1,488 |
2027 Senior Notes (3.10%; unsecured due September 15, 2027) | 499 |  |  | 486 |
2028 Senior Notes (3.625%; unsecured due September 1, 2028) | 941 |  |  | 976 |
2028 Senior Notes (3.75%; unsecured due September 21, 2028) | 597 |  |  | 587 |
2029 Senior Notes (4.35%; unsecured due June 15, 2029) | 1,243 |  |  | 1,242 |
2030 Senior Notes (2.10%; unsecured due June 15, 2030) | 1,240 |  |  | 1,107 |
2031 Senior Notes (5.25%; unsecured due June 15, 2031) | 744 |  |  | 770 |
2032 Senior Notes (1.85%; unsecured due September 15, 2032) | 1,488 |  |  | 1,220 |
2033 Senior Notes (4.60%; unsecured due March 15, 2033) | 1,490 |  |  | 1,471 |
2040 Senior Notes (2.65%; unsecured due September 15, 2040) | 1,233 |  |  | 898 |
2048 Senior Notes (4.25%; unsecured due September 21, 2048) | 1,233 |  |  | 1,033 |
2050 Senior Notes (3.00%; unsecured due June 15, 2050) | 1,223 |  |  | 815 |
2052 Senior Notes (4.95%; unsecured due June 15, 2052) | 1,467 |  |  | 1,362 |
2060 Senior Notes (3.00%; unsecured due September 15, 2060) | 1,473 |  |  | 911 |
2062 Senior Notes (5.20%; unsecured due June 15, 2062) | 985 |  |  | 926 |
Total debt | $ | 20,281 |  |  | $ | 18,217 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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