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v3.22.2.2

Financing Activities (Tables) | 9 Months Ended
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Sep. 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) | September 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 | $ | 1,611 |  |  | $ | 2,097 |
Unamortized debt discount | — |  |  | (255) |
Net carrying amount | $ | 1,611 |  |  | $ | 1,842 |
Interest Income and Interest Expense Disclosure | The Company recognized interest expense associated with the Convertible Notes as follows:
| Three months ended September 30, |  | Nine months ended September 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Non-cash amortization of the debt discount | $ | — |  |  | $ | 19 |  |  | $ | — |  |  | $ | 55 |
Non-cash amortization of debt issuance costs | 3 |  |  | 2 |  |  | 9 |  |  | 6 |
Contractual coupon interest | 5 |  |  | 7 |  |  | 18 |  |  | 22 |
Total interest expense | $ | 8 |  |  | $ | 28 |  |  | $ | 27 |  |  | $ | 83 |
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 (excluding payments on finance leases), including $1.3 billion in prepayments for all of the Company's outstanding 4.75% Notes due 2023, within the unaudited Condensed Consolidated Statement of Comprehensive Income for the three and nine months ended September 30, 2022:
| Three months ended September 30, 2022
(in millions) | Cash paid for debt and interest |  | Principal repayment |  | Loss on extinguishment |  | Non-cash amortization of debt discount and (issuance) costs |  | Accrued Interest
1.25% Convertible Notes due 2025 | $ | 240 |  |  | $ | 184 |  |  | $ | 59 |  |  | $ | (3) |  |  | $ | — |
5.125% Notes due 2027 | 149 |  |  | 143 |  |  | 3 |  |  | 1 |  |  | 2 |
4.75% Notes due 2023 | 1,274 |  |  | 1,247 |  |  | 8 |  |  | — |  |  | 19 |
5.25% Notes due 2025 | 227 |  |  | 217 |  |  | 6 |  |  | — |  |  | 4 |
Total | $ | 1,890 |  |  | $ | 1,791 |  |  | $ | 76 |  |  | $ | (2) |  |  | $ | 25 |
| Nine months ended September 30, 2022
(in millions) | Cash paid for debt and interest |  | Principal repayment |  | Loss on extinguishment |  | Non-cash amortization of debt discount and (issuance) costs |  | Accrued Interest
1.25% Convertible Notes due 2025 | $ | 649 |  |  | $ | 486 |  |  | $ | 171 |  |  | $ | (9) |  |  | $ | 1 |
5.125% Notes due 2027 | 209 |  |  | 199 |  |  | 6 |  |  | 2 |  |  | 2 |
4.75% Notes due 2023 | 1,278 |  |  | 1,250 |  |  | 9 |  |  | — |  |  | 19 |
5.25% Notes due 2025 | 228 |  |  | 218 |  |  | 6 |  |  | — |  |  | 4 |
Total | $ | 2,364 |  |  | $ | 2,153 |  |  | $ | 192 |  |  | $ | (7) |  |  | $ | 26 |

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