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LONG-TERM DEBT (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Long-term debt consisted of the following:
| Effective Interest Rate |  | Face Value |  | September 30, 2022 |  | December 31, 2021
In millions |  |  | Book Value |  | Fair Value 1 |  | Book Value |  | Fair Value 1
Restated Credit Agreement: |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | 4.8 | % |  | $ | 122 |  |  | $ | 118 |  |  | $ | 122 |  |  | $ | — |  |  | $ | — |
Senior Notes: |  |  |  |  |  |  |  |  |  |  |
4.375% Senior Notes, due 2023 | 4.5 | % |  | $ | 250 |  |  | 250 |  |  | 248 |  |  | 250 |  |  | 260 |
4.15% Senior Notes, due 2024 | 4.6 | % |  | $ | 725 |  |  | 723 |  |  | 713 |  |  | 747 |  |  | 796 |
3.20% Senior Notes, due 2025 | 3.4 | % |  | $ | 500 |  |  | 497 |  |  | 468 |  |  | 497 |  |  | 523 |
3.45% Senior Notes, due 2026 | 3.5 | % |  | $ | 750 |  |  | 749 |  |  | 680 |  |  | 749 |  |  | 795 |
1.25% Senior Notes (EUR), due 2027 | 1.5 | % |  | € | 500 |  |  | 484 |  |  | 396 |  |  | 560 |  |  | 574 |
4.70% Senior Notes, due 2028 | 5.0 | % |  | $ | 1,250 |  |  | 1,244 |  |  | 1,161 |  |  | 1,243 |  |  | 1,423 |
Other Borrowings |  |  |  |  | 10 |  |  | 10 |  |  | 12 |  |  | 12 |
Total |  |  |  |  | 4,075 |  |  | 3,798 |  |  | 4,058 |  |  | 4,383 |
Less: current portion |  |  |  |  | 251 |  |  | 249 |  |  | 2 |  |  | 2 |
Long-term portion |  |  |  |  | $ | 3,824 |  |  | $ | 3,549 |  |  | $ | 4,056 |  |  | $ | 4,381 |
1. See Note 13 for information on the fair value measurement of the Company's long-term debt.
Schedule of Line of Credit Facilities | The following table presents availability under the Restated Credit Agreement at September 30, 2022:
In millions |  |
Maximum Revolving Credit Facility Availability |  | $ | 1,500 |
Delayed Draw Term Loan |  | 250 |
Outstanding Borrowings |  | (122) |
Letters of Credit Under Credit Agreement |  | (3) |
Current Availability |  | $ | 1,625 |

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