Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The fair values of our fixed rate notes were estimated using quoted market prices for these instruments. The fair value of our commercial paper includes a discount and other short-term debt approximates par value since the interest rates on this short-term debt approximate market rates as of March 31, 2022.

	As of March 31, 2022
	(in millions)
Debt:	Carrying Amount		Fair value
Commercial Paper	$	1,268	$	1,270
2022 Senior Notes (2.35% senior unsecured notes due September 15, 2022)	500		502
Other short-term debt	9		9
2023 Senior Notes (0.70% senior unsecured notes due June 15, 2023)	998		985
2023 Senior Notes (3.45% senior unsecured notes due September 21, 2023)	399		405
2023 Senior Notes (4.00% senior unsecured notes due October 15, 2023)	798		818
2025 Senior Notes (3.75% senior unsecured notes due December 1, 2025)	1,246		1,281
2027 Senior Notes (3.10% senior unsecured notes due September 15, 2027)	497		499
2028 Senior Notes (3.75% senior unsecured notes due September 21, 2028)	594		614
2030 Senior Notes (2.10% senior unsecured notes due June 15, 2030)	1,235		1,147
2032 Senior Notes (1.85% senior unsecured notes due September 15, 2032)	1,483		1,301
2040 Senior Notes (2.65% senior unsecured notes due September 15, 2040)	1,230		1,074
2048 Senior Notes (4.25% senior unsecured notes due September 21, 2048)	1,231		1,357
2050 Senior Notes (3.00% senior unsecured notes due June 15, 2050)	1,220		1,097
2060 Senior Notes (3.00% senior unsecured notes due September 15, 2060)	1,470		1,277
Total debt	$	14,178	$	13,636