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Credit Facilities and Debt (Summary of Debt Outstanding) (Details) - USD ($)
$ in Millions

Sep. 30, 2023

Dec. 31, 2022

Credit Facilities and Long-Term Debt :

Debt issuance costs and unamortized discount

^[1]

$ (17)

$ (20)

Total debt

2,270

1,880

Less: short-term borrowings and current maturities of long-term debt

17

0

Long-term debt

$ 2,253

1,880

Senior Notes due 2026

Credit Facilities and Long-Term Debt :

Interest rate

3.25%

Long-term debt, fair value

$ 466

470

Senior Notes due 2026 | Senior Loans

Credit Facilities and Long-Term Debt :

Senior Notes Due

^[2]

$ 500

500

Senior Notes Due 2028

Credit Facilities and Long-Term Debt :

Interest rate

1.95%

Long-term debt, fair value

$ 430

430

Senior Notes Due 2028 | Senior Loans

Credit Facilities and Long-Term Debt :

Senior Notes Due

$ 500

500

Senior Notes Due 2031

Credit Facilities and Long-Term Debt :

Interest rate

2.25%

Long-term debt, fair value

$ 398

406

Senior Notes Due 2031 | Senior Loans

Credit Facilities and Long-Term Debt :

Senior Notes Due

$ 500

500

Senior Notes due 2046

Credit Facilities and Long-Term Debt :

Interest rate

4.375%

Long-term debt, fair value

$ 303

333

Senior Notes due 2046 | Senior Loans

Credit Facilities and Long-Term Debt :

Senior Notes Due

^[2]

400

400

Equipment Financing | Secured Debt

Credit Facilities and Long-Term Debt :

Senior Notes Due

124

0

Term loan | Secured Debt

Credit Facilities and Long-Term Debt :

Senior Notes Due

263

0

Commercial Paper

Credit Facilities and Long-Term Debt :

Senior Notes Due

$ 0

$ 0

[1]

The debt issuance costs and unamortized discount are recognized as a reduction in the carrying value of the Senior Notes in the Condensed Consolidated Balance Sheets and are being amortized to interest expense in our Condensed Consolidated Income Statements over the expected remaining terms of the Senior Notes.

[2]

The fair value of our Senior Notes was determined using quoted prices in active markets for identical securities, which are considered Level 1 inputs. The fair value of our Senior Notes due 2026 was $466 million and $470 million as of September 30, 2023 and December 31, 2022 respectively. The fair value of our Senior Notes due 2028 was $430 million and $430 million as of September 30, 2023 and December 31, 2022, respectively. The fair value of our Senior Notes due 2031 was $398 million and $406 million as of September 30, 2023 and December 31, 2022, respectively. The fair value of our Senior Notes due 2046 was $303 million and $333 million as of September 30, 2023 and December 31, 2022, respectively.

X

- Definition

Amount of debt and lease obligation, classified as current.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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X

- Definition

Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-4

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X

- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

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X

- Definition

Represents the aggregate of total long-term debt, including current maturities and short-term debt.

+ References

No definition available.

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- References

No definition available.

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X

- Definition

The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.

+ References

No definition available.

+ Details

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X

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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- Definition

The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset.

+ References

No definition available.

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- Details

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