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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Short-term and Long-term Borrowings | Short-term and long-term borrowings are comprised of the following at December 31:
| 2021 | 2020
| Amount | Effective Interest Rate (1) | Amount | Effective Interest Rate (1)
Short-term borrowings |  |  |  |
Commercial paper | $ | — |  | n/a | $ | 801 |  | 0.5 | %
Short-term borrowings from GE | — |  | n/a | 45 |  | n/a
Other borrowings | 40 |  | 4.5 | % | 43 |  | 4.2 | %
Total short-term borrowings | 40 |  |  | 889 |  |
Long-term borrowings |  |  |  |
2.773% Senior Notes due December 2022 | — |  | — | % | 1,247 |  | 2.9 | %
1.231% Senior Notes due December 2023 | 647 |  | 1.5 | % | — |  | — |
8.55% Debentures due June 2024 (2) | 118 |  | 4.1 | % | 123 |  | 4.1 | %
2.061% Senior Notes due December 2026 | 597 |  | 2.2 | % | — |  | — |
3.337% Senior Notes due December 2027 | 1,335 |  | 3.2 | % | 1,344 |  | 3.4 | %
6.875% Notes due January 2029 (2) | 279 |  | 4.0 | % | 284 |  | 3.9 | %
3.138% Senior Notes due November 2029 | 522 |  | 3.2 | % | 522 |  | 3.2 | %
4.486% Senior Notes due May 2030 | 497 |  | 4.6 | % | 497 |  | 4.6 | %
5.125% Senior Notes due September 2040 (2) | 1,292 |  | 4.2 | % | 1,297 |  | 4.2 | %
4.080% Senior Notes due December 2047 | 1,337 |  | 4.1 | % | 1,337 |  | 4.1 | %
Other long-term borrowings | 63 |  | 2.9 | % | 93 |  | 3.0 | %
Total long-term borrowings | 6,687 |  |  | 6,744 |  |
Total borrowings | $ | 6,727 |  |  | $ | 7,633 |  |
(1)Effective interest rate is based on the carrying value including issuance costs and step-up adjustments, as applicable, recorded for certain Senior Notes and Debentures assumed in connection with the acquisition of BHI. (2)Represents long-term fixed rate debt obligations assumed in connection with the acquisition of BHI.
Schedule of Maturities of Debt | Maturities of debt for each of the five years in the period ending December 31, 2026, and in the aggregate thereafter, are listed in the table below:
| 2022 | 2023 | 2024 | 2025 | 2026 | Thereafter
Total debt | $ | 40 |  | $ | 649 |  | $ | 151 |  | $ | 14 |  | $ | 597 |  | $ | 5,276 |

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