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Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Summary of Debt | The following is a summary of outstanding debt at December 31, (in millions):
| 2020 |  | 2019
4.70% senior notes due 2020 | $ | — |  |  | $ | 305 |
3.15% senior notes due 2021 | 94 |  |  | 94 |
3.75% senior notes due 2021 | 369 |  |  | 342 |
4.00% senior notes due 2022 | 250 |  |  | 249 |
3.85% senior notes due 2023 | 1,090 |  |  | 1,388 |
4.00% senior notes due 2024 | 200 |  |  | 199 |
4.875% senior notes due 2025 | 492 |  |  | — |
3.90% senior notes due 2025 | 47 |  |  | 47 |
4.20% senior notes due 2026 | 1,973 |  |  | 1,986 |
5.375% senior notes due 2036 | 416 |  |  | 416 |
5.50% senior notes due 2046 | 657 |  |  | 657 |
Commercial paper | — |  |  | 25 |
Other debt | 19 |  |  | 15 |
Total debt | 5,607 |  |  | 5,723 |
Short-term debt and current portion of long-term debt | (466) |  |  | (332) |
Long-term debt | $ | 5,141 |  |  | $ | 5,391 |
Schedule of Maturities of Long-term Debt | The Company’s debt maturities for the five years following December 31, 2020 and thereafter are as follows (in millions):
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Thereafter |  | Total
$465 |  | $253 |  | $1,095 |  | $201 |  | $547 |  | $3,072 |  | $5,633
Schedule of Fair Value of Senior Notes | The fair values of the Company’s senior notes are based on quoted market prices and are as follows at December 31, (in millions):
| 2020 |  | 2019
| Fair Value |  | Book Value |  | Fair Value |  | Book Value
Senior notes | $ | 6,277 |  |  | $ | 5,588 |  |  | $ | 5,990 |  |  | $ | 5,683 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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