Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Total Debt

Our total debt, including short-term and long-term debt, consisted of the following (in millions):

	As of December 31,
	2023		2022
Debt:
Short-term debt:
Commercial Paper	$	1,954	$	—
Other short-term debt	—		4
Total short-term debt	1,954		4
Long-term debt:
2025 Term Loan due August 31, 2025	1,600		—
2025 Senior Notes (3.65% senior notes due May 23, 2025)	1,246		1,243
2025 Senior Notes (3.75% senior notes due December 1, 2025)	1,248		1,247
2027 Senior Notes (4.00% senior notes due September 15, 2027)	1,489		1,487
2027 Senior Notes (3.10% senior notes due September 15, 2027)	498		498
2028 Senior Notes (3.625% senior notes due September 1, 2028)	920		—
2028 Senior Notes (3.75% senior notes due September 21, 2028)	596		594
2029 Senior Notes (4.35% senior notes due June 15, 2029)	1,241		1,240
2030 Senior Notes (2.10% senior notes due June 15, 2030)	1,238		1,235
2032 Senior Notes (1.85% senior notes due September 15, 2032)	1,486		1,485
2033 Senior Notes (4.60% senior notes due March 15, 2033)	1,489		1,488
2040 Senior Notes (2.65% senior notes due September 15, 2040)	1,232		1,231
2048 Senior Notes (4.25% senior notes due September 21, 2048)	1,232		1,231
2050 Senior Notes (3.00% senior notes due June 15, 2050)	1,222		1,221
2052 Senior Notes (4.95% senior notes due June 15, 2052)	1,466		1,464
2060 Senior Notes (3.00% senior notes due September 15, 2060)	1,472		1,471
2062 Senior Notes (5.20% senior notes due June 15, 2062)	984		983
Total long-term debt	20,659		18,118
Total debt	$	22,613	$	18,122

Debt Repayment Schedule

As of December 31, 2023, the outstanding debt repayment schedule is as follows (in millions):

2024	$	1,964
2025	4,100
2026	—
2027	2,000
2028	1,600
Thereafter	13,250
Principal amounts repayable	22,914
Debt issuance costs	(202)
Unamortized balance discounts on bonds, net	(89)
Discount on Commercial Paper	(10)
Total debt outstanding	$	22,613