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Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Summary of Debt

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

			September 30, 2021						December 31, 2020
3.15% senior notes due 2021			$	—					$	94
3.75% senior notes due 2021			—						369
4.00% senior notes due 2022			250						250
3.85% senior notes due 2023			1,086						1,090
4.00% senior notes due 2024			200						200
4.875% senior notes due 2025			494						492
3.90% senior notes due 2025			47						47
4.20% senior notes due 2026			1,975						1,973
5.375% senior notes due 2036			416						416
5.50% senior notes due 2046			658						657
Other debt			11						19
Total debt			5,137						5,607
Short-term debt and current portion of long-term debt			(253)						(466)
Long-term debt			$	4,884					$	5,141

Schedule of Fair Value of Senior Notes

The fair value of the Company’s senior notes are based upon prices of similar instruments in the marketplace and are as follows (in millions):

			September 30, 2021												December 31, 2020
			Fair Value						Book Value						Fair Value						Book Value
Senior notes			$	5,778					$	5,126					$	6,277					$	5,588

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