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Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Summary of Debt | The following is a summary of outstanding debt at December 31, (in millions):
| 2021 |  | 2020
3.15% senior notes due 2021 | $ | — |  |  | $ | 94 |
3.75% senior notes due 2021 | — |  |  | 369 |
4.00% senior notes due 2022 | — |  |  | 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 | 417 |  |  | 416 |
5.50% senior notes due 2046 | 658 |  |  | 657 |
Other debt | 9 |  |  | 19 |
Total debt | 4,886 |  |  | 5,607 |
Short-term debt and current portion of long-term debt | (3) |  |  | (466) |
Long-term debt | $ | 4,883 |  |  | $ | 5,141 |
Schedule of Maturities of Long-term Debt | The Company’s debt maturities for the five years following December 31, 2021 and thereafter are as follows (in millions):
2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Thereafter |  | Total
$3 |  | $1,090 |  | $201 |  | $547 |  | $1,985 |  | $1,087 |  | $4,913
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):
| 2021 |  | 2020
| Fair Value |  | Book Value |  | Fair Value |  | Book Value
Senior notes | $ | 5,477 |  |  | $ | 4,877 |  |  | $ | 6,277 |  |  | $ | 5,588 |

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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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