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FINANCING ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
(in millions) |  | December 31, 2023 |  | December 31, 2022
Unsecured |  |  |  |
5.25% Notes due 2025 |  | $ | 1,302 |  |  | $ | 1,302 |
1.25% Convertible Notes due 2025 |  | 1,611 |  |  | 1,611 |
3.00% Notes due 2026 |  | 300 |  |  | 300 |
7.375% Debentures due 2027 |  | 111 |  |  | 114 |
3.45% Notes due 2027 |  | 300 |  |  | 300 |
5.125% Notes due 2027 |  | 1,727 |  |  | 1,727 |
2.625% Notes due 2030 |  | 500 |  |  | 500 |
1.000% Payroll Support Program Loan due 2030 (See Note 2) |  | 976 |  |  | 976 |
1.000% Payroll Support Program Loan due 2031 (See Note 2) |  | 566 |  |  | 566 |
1.000% Payroll Support Program Loan due 2031 (See Note 2) |  | 526 |  |  | 526 |
Finance leases |  | 104 |  |  | 189
|  | $ | 8,023 |  |  | $ | 8,111 |
Less current maturities |  | 29 |  |  | 42 |
Less debt discount and issuance costs |  | 16 |  |  | 23 |
|  | $ | 7,978 |  |  | $ | 8,046 |
Convertible Debt |
Interest Income and Interest Expense Disclosure | The Company recognized interest expense associated with the Convertible Notes as follows:
(in millions) | December 31, 2023 |  | December 31, 2022
Non-cash amortization of debt issuance costs | $ | 10 |  |  | $ | 12 |
Contractual coupon interest | 20 |  |  | 22 |
Total interest expense | $ | 30 |  |  | $ | 34 |
Schedule of Extinguishment of Debt |
| Year ended December 31, 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 | 285 |  |  | 272 |  |  | 7 |  |  | 2 |  |  | 4 |
4.75% Notes due 2023 | 1,278 |  |  | 1,250 |  |  | 9 |  |  | — |  |  | 19 |
5.25% Notes due 2025 | 258 |  |  | 248 |  |  | 6 |  |  | — |  |  | 4 |
Total | $ | 2,470 |  |  | $ | 2,256 |  |  | $ | 193 |  |  | $ | (7) |  |  | $ | 28 |
Schedule of Maturities of Long-Term Debt | As of December 31, 2023, aggregate annual principal maturities of debt and finance leases (not including amounts associated with interest on finance leases) are as follows:
(in millions) |
2024 | $ | 29 |
2025 | 2,934 |
2026 | 315 |
2027 | 2,142 |
2028 | 11 |
Thereafter | 2,581 |
Total | $ | 8,012 |

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