Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 other short-term debt approximates par value since the interest rates on this short-term debt approximate market rates as of June 30, 2022.

	As of June 30, 2022
	(in millions)
Debt:	Carrying Amount		Fair value
Other short-term debt	$	4	$	4
2025 Senior Notes (3.65% senior unsecured notes due May 23, 2025)	1,242		1,242
2025 Senior Notes (3.75% senior unsecured notes due December 1, 2025)	1,247		1,241
2027 Senior Notes (4.00% senior unsecured notes due September 15, 2027)	1,485		1,477
2027 Senior Notes (3.10% senior unsecured notes due September 15, 2027)	497		473
2028 Senior Notes (3.75% senior unsecured notes due September 21, 2028)	594		577
2029 Senior Notes (4.35% senior unsecured notes due June 15, 2029)	1,239		1,234
2030 Senior Notes (2.10% senior unsecured notes due June 15, 2030)	1,235		1,048
2032 Senior Notes (1.85% senior unsecured notes due September 15, 2032)	1,484		1,176
2033 Senior Notes (4.60% senior unsecured notes due March 15, 2033)	1,487		1,492
2040 Senior Notes (2.65% senior unsecured notes due September 15, 2040)	1,230		919
2048 Senior Notes (4.25% senior unsecured notes due September 21, 2048)	1,231		1,118
2050 Senior Notes (3.00% senior unsecured notes due June 15, 2050)	1,221		913
2052 Senior Notes (4.95% senior unsecured notes due June 15, 2052)	1,463		1,478
2060 Senior Notes (3.00% senior unsecured notes due September 15, 2060)	1,471		1,018
2062 Senior Notes (5.20% senior unsecured notes due June 15, 2062)	983		1,000
Total debt	$	18,113	$	16,410