Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt

Schedule of debt

	As of		As of
(in millions)	June 30, 2020		December 31, 2019
2.900% senior notes due June 1, 2030	$	594	$	—
3.200% senior notes due October 1, 2026		497		497
3.900% senior notes due June 1, 2050		390		—
6.625% senior notes due April 15, 2037		253		253
4.625% senior notes due November 1, 2020		—		400
5.62% senior notes due March 25, 2020		—		200
Term loan credit agreement due April 12, 2021		405		405
Revolving credit facility		—		10
Other long-term borrowings		1		—
Fair value adjustment related to hedged fixed rate debt instruments		—		1
Long-term debt		2,140		1,766
4.625% senior notes due November 1, 2020		400		—
Other short-term borrowings		70		82
Short-term debt		470		82
Total debt	$	2,610	$	1,848