Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2022.

	As of September 30, 2022
	(in millions)
Debt:	Carrying Amount		Fair value
Other short-term debt	$	7	$	7
2025 Senior Notes (3.65% senior unsecured notes due May 23, 2025)	1,243		1,210
2025 Senior Notes (3.75% senior unsecured notes due December 1, 2025)	1,247		1,207
2027 Senior Notes (4.00% senior unsecured notes due September 15, 2027)	1,485		1,423
2027 Senior Notes (3.10% senior unsecured notes due September 15, 2027)	497		455
2028 Senior Notes (3.75% senior unsecured notes due September 21, 2028)	594		553
2029 Senior Notes (4.35% senior unsecured notes due June 15, 2029)	1,239		1,183
2030 Senior Notes (2.10% senior unsecured notes due June 15, 2030)	1,235		999
2032 Senior Notes (1.85% senior unsecured notes due September 15, 2032)	1,484		1,096
2033 Senior Notes (4.60% senior unsecured notes due March 15, 2033)	1,488		1,400
2040 Senior Notes (2.65% senior unsecured notes due September 15, 2040)	1,231		840
2048 Senior Notes (4.25% senior unsecured notes due September 21, 2048)	1,231		1,019
2050 Senior Notes (3.00% senior unsecured notes due June 15, 2050)	1,221		817
2052 Senior Notes (4.95% senior unsecured notes due June 15, 2052)	1,464		1,332
2060 Senior Notes (3.00% senior unsecured notes due September 15, 2060)	1,471		893
2062 Senior Notes (5.20% senior unsecured notes due June 15, 2062)	983		900
Total debt	$	18,120	$	15,334