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LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consisted of the following:

																		December 31,
			Effective Interest Rate															2022												2021
In millions									Face Value									Book Value						Fair Value 1						Book Value						Fair Value 1
Restated Credit Agreement:
Revolving Credit Facility			3.5		%				N/A									$	—					$	—					$	—					$	—
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						714						747						796
3.20% Senior Notes, due 2025			3.4		%				$	500								498						471						497						523
3.45% Senior Notes, due 2026			3.5		%				$	750								749						699						749						795
1.25% Senior Notes (EUR), due 2027			1.5		%				€	500								529						455						560						574
4.70% Senior Notes, due 2028			5.0		%				$	1,250								1,244						1,201						1,243						1,423
Other Borrowings																		9						13						12						12
Total																		4,002						3,801						4,058						4,383
Less: current portion																		(251)						(249)						(2)						(2)
Long-term portion																		$	3,751					$	3,552					$	4,056					$	4,381

1. See Note 17 for information on the fair value measurement of the Company's long-term debt.

As of December 31, 2022, the annual repayment requirements for debt obligations are as follows:

In millions
2023			$	251
2024			737
2025			500
2026			750
2027			535
Thereafter			1,250
Total			$	4,023

Summary of Line of Credit Facilities

The following table presents availability under the Restated Credit Agreement as of December 31, 2022:

(In millions)						Revolving Credit Facility
Maximum Revolving Credit Facility Availability						$	1,500
Delayed Draw Term Loan						250
Outstanding Borrowings						—
Letters of Credit Under Credit Agreement						(3)
Current Availability						$	1,747

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