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Debt (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Debt

Debt consists of (in millions):

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

$1.1 billion in Senior Notes, interest at 3.95% payable
   semiannually, principal due on
December 1, 2042

 

$

1,090

 

 

$

1,090

 

$0.5 billion in Senior Notes, interest at 3.60% payable
   semiannually, principal due on
December 1, 2029

 

 

494

 

 

 

494

 

Other debt

 

 

130

 

 

 

129

 

Total Debt

 

 

1,714

 

 

 

1,713

 

                Less current portion

 

 

5

 

 

 

5

 

Long-term debt

 

$

1,709

 

 

$

1,708