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Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Debt

Debt consists of (in millions):

 

 

 

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

 

 

495

 

 

 

494

 

Other debt

 

 

145

 

 

 

129

 

Total Debt

 

 

1,730

 

 

 

1,713

 

Less current portion

 

 

13

 

 

 

5

 

Long-term debt

 

$

1,717

 

 

$

1,708

 

Principal Payments of Debt

Principal payments of debt for years subsequent to 2022 are as follows (in millions):

 

2023

 

 

13

 

2024

 

 

10

 

2025

 

 

21

 

2026

 

 

29

 

2027

 

 

12

 

Thereafter

 

 

1,661

 

 

 

$

1,746