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Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of Debt

Debt is comprised of the following at the dates indicated (in millions):

			March 31, 2020						December 31, 2019
4.70% senior notes due 2020			$	305					$	305
3.15% senior notes due 2021			94						94
3.75% senior notes due 2021			336						342
4.00% senior notes due 2022			249						249
3.85% senior notes due 2023			1,388						1,388
4.00% senior notes due 2024			200						199
3.90% senior notes due 2025			47						47
4.20% senior notes due 2026			1,972						1,986
5.375% senior notes due 2036			416						416
5.50% senior notes due 2046			657						657
Commercial paper			40						25
Receivables facilities			289						—
Other debt			21						15
Total debt			6,014						5,723
Short-term debt and current portion of long-term debt			(639)						(332)
Long-term debt			$	5,375					$	5,391

Schedule of Fair Value of Senior Notes

The fair value of the Company’s senior notes are based on quoted market prices and are as follows (in millions):

			March 31, 2020																		December 31, 2019
			Fair Value						Book Value						Fair Value						Book Value
Senior notes			$	5,724					$	5,664					$	5,990					$	5,683

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