XML 54 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1

Debt (Tables)

12 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration