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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31, 2023.
As of March 31, 2023
(in millions)
Debt:
Carrying Amount
Fair value
3.65% Senior Notes due May 23, 2025
$1,244 $1,230 
3.75% Senior Notes due December 1, 2025
1,247 1,217 
4.00% Senior Notes due September 15, 2027
1,487 1,486 
3.10% Senior Notes due September 15, 2027
498 473 
3.75% Senior Notes due September 21, 2028
594 578 
4.35% Senior Notes due June 15, 2029
1,240 1,236 
2.10% Senior Notes due June 15, 2030
1,236 1,061 
1.85% Senior Notes due September 15, 2032
1,485 1,187 
4.60% Senior Notes due March 15, 2033
1,488 1,489 
2.65% Senior Notes due September 15, 2040
1,232 911 
4.25% Senior Notes due September 21, 2048
1,231 1,098 
3.00% Senior Notes due June 15, 2050
1,221 884 
4.95% Senior Notes due June 15, 2052
1,465 1,467 
3.00% Senior Notes due September 15, 2060
1,471 988 
5.20% Senior Notes due June 15, 2062
984 1,008 
Total debt
$18,123 $16,313