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Financing Arrangements (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of debt
Debt carrying amounts, net of related discounts, premiums and debt issuance costs, are presented below:
As of
September 30, 2024
As of
December 31, 2023
2.900% senior notes due June 1, 2030
$597 $596 
3.200% senior notes due October 1, 2026
499 499 
3.900% senior notes due June 1, 2050
391 391 
6.625% senior notes due April 15, 2037
252 253 
Revolving credit agreement— — 
Other long-term borrowings
Total long-term debt1,741 1,740 
Commercial paper— 327 
Other short-term borrowings99 121 
Total short-term borrowings99 448 
Total debt$1,840 $2,188