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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Summary of Debt | The following is a summary of outstanding debt at December 31, (in millions):
| 2022 |  | 2021
3.85% senior notes due 2023 | $ | — |  |  | $ | 1,086 |
4.00% senior notes due 2024 | 196 |  |  | 203 |
4.875% senior notes due 2025 | 496 |  |  | 494 |
3.90% senior notes due 2025 | 47 |  |  | 47 |
4.20% senior notes due 2026 | 1,978 |  |  | 1,975 |
6.375% senior notes due 2027 | 483 |  |  | — |
6.625% senior notes due 2029 | 481 |  |  | — |
5.375% senior notes due 2036 | 417 |  |  | 417 |
5.50% senior notes due 2046 | 658 |  |  | 658 |
Revolving credit facility | 225 |  |  | — |
Commercial paper | 359 |  |  | — |
Receivables facility | 35 |  |  | — |
Other debt | 2 |  |  | 6 |
Total debt | 5,377 |  |  | 4,886 |
Short-term debt and current portion of long-term debt | (621) |  |  | (3) |
Long-term debt | $ | 4,756 |  |  | $ | 4,883 |
Schedule of Maturities of Long-term Debt | The Company’s debt maturities for the five years following December 31, 2022 and thereafter are as follows (in millions):
2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Thereafter |  | Total
$621 |  | $201 |  | $547 |  | $1,985 |  | $500 |  | $1,587 |  | $5,441
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):
| 2022 |  | 2021
| Fair Value |  | Book Value |  | Fair Value |  | Book Value
Senior notes | $ | 4,511 |  |  | $ | 4,756 |  |  | $ | 5,477 |  |  | $ | 4,880 |

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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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