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Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of debt, net of discounts and debt issuance costs | The Company’s debt consisted of the following at December 31:
(In millions) |  | 2021 |  | 2020
Short-term and current maturities of long-term debt: |  |  |  |
Foreign lines of credit |  | $ | 240 |  |  | $ | 144 |
Finance lease and other financing obligations |  | 268 |  |  | 240 |
Total short-term and current maturities of long-term debt |  | $ | 508 |  |  | $ | 384 |
Long-term debt: |  |  |  |
4.750% senior notes due June 2021 |  | $ | — |  |  | $ | 400 |
3.500% senior notes due October 2022 |  | 700 |  |  | 700 |
0.375% senior notes due July 2023 (Euro-denominated) |  | 566 |  |  | 612 |
3.800% senior notes due October 2023 |  | 1,000 |  |  | 1,000 |
2.750% senior notes due July 2024 |  | 2,000 |  |  | 2,000 |
3.850% senior notes due June 2025 |  | 900 |  |  | 900 |
2.250% senior notes due July 2025 (British Pound-denominated) |  | 705 |  |  | 709 |
3.200% senior notes due July 2026 |  | 2,000 |  |  | 2,000 |
2.250% senior notes due June 2027 |  | 1,000 |  |  | 1,000 |
1.125% senior notes due July 2027 (Euro-denominated) |  | 566 |  |  | 612 |
4.200% senior notes due October 2028 |  | 1,000 |  |  | 1,000 |
3.500% senior notes due July 2029 |  | 3,000 |  |  | 3,000 |
2.650% senior notes due June 2030 |  | 1,000 |  |  | 1,000 |
1.625% senior notes due July 2030 (Euro-denominated) |  | 566 |  |  | 612 |
3.000% senior notes due July 2031 (British Pound-denominated) |  | 705 |  |  | 709 |
4.400% senior notes due July 2049 |  | 2,000 |  |  | 2,000 |
U.S. commercial paper notes |  | 916 |  |  | — |
Euro commercial paper notes |  | 905 |  |  | — |
Revolving credit facility |  | 97 |  |  | 22 |
Receivable securitized loan |  | 500 |  |  | 425 |
Term loan facility |  | 200 |  |  | 1,250 |
Unamortized discount and deferred financing costs |  | (125) |  |  | (155) |
Finance lease and other financing obligations |  | 528 |  |  | 504 |
Total long-term debt |  | $ | 20,729 |  |  | $ | 20,300 |
Schedule of annual maturities of total debt | Annual maturities of the Company’s total debt were as follows at December 31, 2021:
(In millions) |
Year Ending December 31, |
2022 | $ | 508 |
2023 | 4,923 |
2024 | 2,391 |
2025 | 1,677 |
2026 | 2,027 |
Thereafter | 9,836 |
Total principal payments | 21,362 |
Unamortized discount and deferred financing costs | (125) |
Total debt | $ | 21,237 |

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