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Debt (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | Debt is comprised of the following at the dates indicated (in millions):
| June 30, 2023 |  | December 31, 2022
4.00% senior notes due 2024 | $ | 196 |  |  | $ | 196 |
4.875% senior notes due 2025 | 497 |  |  | 496 |
3.90% senior notes due 2025 | 47 |  |  | 47 |
4.20% senior notes due 2026 | 1,979 |  |  | 1,978 |
6.375% senior notes due 2027 | 479 |  |  | 483 |
6.625% senior notes due 2029 | 479 |  |  | 481 |
5.375% senior notes due 2036 | 417 |  |  | 417 |
5.50% senior notes due 2046 | 658 |  |  | 658 |
Revolving credit facility | 530 |  |  | 225 |
Commercial paper | — |  |  | 359 |
Receivables facility | 66 |  |  | 35 |
Other debt | 2 |  |  | 2 |
Total debt | 5,350 |  |  | 5,377 |
Short-term debt and current portion of long-term debt | (597) |  |  | (621) |
Long-term debt | $ | 4,753 |  |  | $ | 4,756 |
Weighted average interest rates are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Total debt | 5.3 | % |  | 4.2 | % |  | 5.1 | % |  | 4.3 | %
Short-term debt | 6.8 | % |  | 2.9 | % |  | 6.5 | % |  | 2.6 | %
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, 2023 |  | December 31, 2022
| Fair Value |  | Book Value |  | Fair Value |  | Book Value
Senior notes | $ | 4,437 |  |  | $ | 4,752 |  |  | $ | 4,511 |  |  | $ | 4,756 |

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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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