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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | The following is a summary of outstanding debt (in millions):
As of December 31 | 2022 |  | 2021
Commercial paper | $ | 592 |  |  | $ | 665 |
2.20% Senior Notes due November 2022 (1) | — |  |  | 499 |
4.00% Senior Notes due November 2023 (2) | 350 |  |  | 349 |
3.50% Senior Notes due June 2024 | 599 |  |  | 598 |
3.875% Senior Notes due December 2025 | 748 |  |  | 748 |
2.875% Senior Notes due May 2026 (EUR 500M) | 530 |  |  | 563 |
8.205% Junior Subordinated Notes due January 2027 | 521 |  |  | 521 |
2.85% Senior Notes due May 2027 | 596 |  |  | — |
4.50% Senior Notes due December 2028 | 348 |  |  | 347 |
3.75% Senior Notes due May 2029 | 746 |  |  | 745 |
2.80% Senior Notes due May 2030 | 994 |  |  | 993 |
2.05% Senior Notes due August 2031 | 396 |  |  | 396 |
2.60% Senior Notes due December 2031 | 496 |  |  | 496 |
5.00% Senior Notes due September 2032 | 495 |  |  | — |
6.25% Senior Notes due September 2040 | 297 |  |  | 296 |
4.25% Senior Notes due December 2042 | 203 |  |  | 201 |
4.45% Senior Notes due May 2043 | 247 |  |  | 247 |
4.60% Senior Notes due June 2044 | 545 |  |  | 544 |
4.75% Senior Notes due May 2045 | 594 |  |  | 593 |
2.90% Senior Notes due August 2051 | 591 |  |  | 591 |
3.90% Senior Notes due February 2052 | 877 |  |  | — |
Other | 5 |  |  | — |
Total debt | 10,770 |  |  | 9,392 |
Less: Short-term debt and current portion of long-term debt | 945 |  |  | 1,164 |
Total long-term debt | $ | 9,825 |  |  | $ | 8,228 |
(1)The 2.20% Senior Notes due November 2022 were repaid in full on November 1, 2022. (2)The 4.00% Senior Notes due November 2023 were reclassified as Short-term debt and current portion of long-term debt in the Consolidated Statement of Financial Position as of December 31, 2022.
Schedule of Repayments of Long-term Debt | Repayments of total debt as of December 31, 2022 are as follows (in millions):
2023 | $ | 946 |
2024 | 604 |
2025 | 750 |
2026 | 532 |
2027 | 1,121 |
Thereafter | 6,956 |
Total Repayments | 10,909 |
Unamortized discounts, premiums, and debt issuance costs | (139) |
Total Debt | $ | 10,770 |
Schedule of Commercial Paper | Commercial paper outstanding, which is included in Short-term debt and current portion of long-term debt in the Company’s Consolidated Statements of Financial Position, is as follows (in millions):
As of December 31 |  | 2022 |  | 2021
Commercial paper outstanding |  | $ | 592 |  |  | $ | 665 |
The weighted average commercial paper outstanding and its related interest rates are as follows (in millions, except percentages):
|  | Years Ended December 31
|  | 2022 |  | 2021
Weighted average commercial paper outstanding |  | $ | 499 |  |  | $ | 273 |
Weighted average interest rate of commercial paper outstanding |  | 1.42 | % |  | 0.01 | %

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