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Debt (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | Debt is comprised of the following at the dates indicated (in millions):
| June 30, 2022 |  | December 31, 2021
3.85% senior notes due 2023 | $ | 1,087 |  |  | $ | 1,086 |
4.00% senior notes due 2024 | 200 |  |  | 200 |
4.875% senior notes due 2025 | 495 |  |  | 494 |
3.90% senior notes due 2025 | 47 |  |  | 47 |
4.20% senior notes due 2026 | 1,976 |  |  | 1,975 |
5.375% senior notes due 2036 | 417 |  |  | 417 |
5.50% senior notes due 2046 | 658 |  |  | 658 |
Commercial paper | 112 |  |  | — |
Receivables facility | 260 |  |  | — |
Other debt | 2 |  |  | 9 |
Total debt | 5,254 |  |  | 4,886 |
Short-term debt and current portion of long-term debt | (1,461) |  |  | (3) |
Long-term debt | $ | 3,793 |  |  | $ | 4,883 |
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):
| June 30, 2022 |  | December 31, 2021
| Fair Value |  | Book Value |  | Fair Value |  | Book Value
Senior notes | $ | 4,619 |  |  | $ | 4,880 |  |  | $ | 5,477 |  |  | $ | 4,877 |

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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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- 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
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