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Financing Arrangements - Narrative (Details) - Commercial paper - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023
Long-term debt |  |  |
Maximum aggregate principal amount | $ 1,000 |  |
Average amount of commercial paper outstanding | $ 118 | $ 460 |
Weighted average interest rate | 5.51% | 4.79% |
Weighted average maturity | 8 days | 7 days |
Short-term borrowings | $ 16 |  | $ 327
Basis spread | 5.45% |  | 5.50%
Weighted average maturity of outstanding balance | 4 days |  | 11 days

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