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Debt (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of debt
Debt consisted of the following (in millions):

September 30,
2022
December 31,
2021
SHORT-TERM DEBT  
Senior notes:
3.65% senior notes due June 2022 (1)
$— $750 
2.85% senior notes due January 2023
400 — 
Other59 72 
Total short-term debt459 822 
LONG-TERM DEBT
Senior notes, net of unamortized discounts and debt issuance costs of $48 and $54, respectively
7,934 8,329 
Other52 69 
Total long-term debt7,986 8,398 
Total debt (2)
$8,445 $9,220 
(1)These senior notes were redeemed on March 1, 2022.
(2)Our fixed-rate senior notes had a face value of approximately $8.4 billion and $9.1 billion as of September 30, 2022 and December 31, 2021, respectively. We estimated the aggregate fair value of these notes as of September 30, 2022 and December 31, 2021 to be approximately $7.3 billion and $9.9 billion, respectively. Our fixed-rate senior notes are traded among institutions, and these trades are routinely published by a reporting service. Our determination of fair value is based on reported trading activity near the end of the reporting period. The fair value estimate for our senior notes is based upon observable market data and is classified in Level 2 of the fair value hierarchy.