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v3.21.2

Debt - Components (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Financing Arrangements |  |
Long-term debt | $ 2,129 | $ 1,748
Short-term borrowings | 72 | 58
Total short-term borrowings | 72 | 438
Total debt | $ 2,201 | $ 2,186
2.9% senior notes due June 1, 2030 |  |
Financing Arrangements |  |
Debt, interest rate (as a percent) | 2.90% | 2.90%
Long-term debt | $ 594 | $ 594
3.2% senior notes due October 1, 2026 |  |
Financing Arrangements |  |
Debt, interest rate (as a percent) | 3.20% | 3.20%
Long-term debt | $ 497 | $ 497
3.9% senior notes due June 1, 2050 |  |
Financing Arrangements |  |
Debt, interest rate (as a percent) | 3.90% | 3.90%
Long-term debt | $ 390 | $ 390
6.625% senior notes due April 15, 2037 |  |
Financing Arrangements |  |
Debt, interest rate (as a percent) | 6.625% | 6.625%
Long-term debt | $ 253 | $ 253
Amended term loan credit agreement due March 15, 2022 |  |
Financing Arrangements |  |
Long-term debt, current | $ 380 |
Applicable interest rate (as a percent) | 0.75% |
Other long-term borrowings |  |
Financing Arrangements |  |
Long-term debt | $ 15 | 14
Term loan credit agreement due April 12, 2021 |  |
Financing Arrangements |  |
Long-term debt, current |  | $ 380
Applicable interest rate (as a percent) |  | 0.80%
New Revolving Credit Agreement |  |
Financing Arrangements |  |
Debt instrument term | 5 years |
Aggregate principle amount | $ 1,000 |
Maximum leverage ratio | 3.5 |
Minimum ratio of consolidated EBIDTA to consolidated net interest expense | 3.5 |
New Revolving Credit Agreement | London Interbank Offered Rate (LIBOR) [Member] |  |
Financing Arrangements |  |
Basis spread | 1.00% |

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