DEBT (Tables)

3 Months Ended

Mar. 31, 2022

Long-term debt, including debt issuance costs and discounts – net, consisted of the following (in millions of dollars):


	As of
	March 31, 2022				December 31, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
4.60% senior notes due 2045	$	1,000	$	1,108	$	1,000	$	1,284
1.85% senior notes due 2025	500		486		500		509
4.20% senior notes due 2047	400		426		400		492
3.75% senior notes due 2046	400		399		400		459



Japanese yen term loan	74		74		78		78

Other	(14)		(14)		7		7
Subtotal	2,360		2,479		2,385		2,829

Debt issuance costs and discounts – net of amortization	(22)		(22)		(23)		(23)
Long-term debt	$	2,338	$	2,457	$	2,362	$	2,806

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details