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Financing Activities (Tables) | 6 Months Ended
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Jun. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Debt | The following table details the equity and liability component recognized related to the Convertible Notes, prior to and following the adoption of ASU 2020-06:
(in millions) | June 30, 2022 |  | December 31, 2021
Equity component: |  |  |
Carrying amount of Convertible Notes | $ | — |  |  | $ | 311 |
Carrying amount of issuance costs | — |  |  | (11) |
Net carrying amount | $ | — |  |  | $ | 300 |
Liability component: |  |  |
Principal amount | $ | 1,795 |  |  | $ | 2,097 |
Unamortized debt discount | — |  |  | (255) |
Net carrying amount | $ | 1,795 |  |  | $ | 1,842 |
Interest Income and Interest Expense Disclosure | The Company recognized interest expense associated with the Convertible Notes as follows:
| Three months ended June 30, |  | Six months ended June 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Non-cash amortization of the debt discount | $ | — |  |  | $ | 19 |  |  | $ | — |  |  | $ | 37 |
Non-cash amortization of debt issuance costs | 3 |  |  | 2 |  |  | 7 |  |  | 4 |
Contractual coupon interest | 6 |  |  | 7 |  |  | 12 |  |  | 15 |
Total interest expense | $ | 9 |  |  | $ | 28 |  |  | $ | 19 |  |  | $ | 56 |
Schedule of Extinguishment of Debt | The following tables present the impact of the partial extinguishment of the Company's Convertible Notes and early prepayment of debt within the unaudited Condensed Consolidated Statement of Comprehensive Income for the three and six months ended June 30, 2022:
| Three months ended June 30, 2022
(in millions) | Cash payment |  | Principal repayment |  | Loss on extinguishment (a) |  | Non-cash amortization of debt discount and (issuance) costs
1.25% Convertible Notes due 2025 | $ | 178 |  |  | $ | 138 |  |  | $ | 42 |  |  | $ | (2) |
5.125% Notes due 2027 | $ | 27 |  |  | $ | 26 |  |  | $ | 1 |  |  | $ | — |
4.75% Notes due 2023 | 3 |  |  | 3 |  |  | — |  |  | — |
5.25% Notes due 2025 | 1 |  |  | 1 |  |  | — |  |  | — |
Total | $ | 209 |  |  | $ | 168 |  |  | $ | 43 |  |  | $ | (2) |
| Six months ended June 30, 2022
(in millions) | Cash payment |  | Principal repayment |  | Loss on extinguishment (a) |  | Non-cash amortization of debt discount and (issuance) costs
1.25% Convertible Notes due 2025 | $ | 409 |  |  | $ | 302 |  |  | $ | 112 |  |  | $ | (5) |
5.125% Notes due 2027 | $ | 61 |  |  | $ | 56 |  |  | $ | 4 |  |  | $ | 1 |
4.75% Notes due 2023 | 3 |  |  | 3 |  |  | — |  |  | — |
5.25% Notes due 2025 | 1 |  |  | 1 |  |  | — |  |  | — |
Total | $ | 474 |  |  | $ | 362 |  |  | $ | 116 |  |  | $ | (4) |

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