Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Outstanding Amounts of Debt and Finance Leases

The outstanding amounts of debt and finance leases were as follows:

(In millions)	June 30, 2022		December 31, 2021
Short-term debt
Commercial paper	$	1,797	$	2,027
$500 million, 3.05% Notes due 11/2022	497		495
$17 million, 8.3% Notes due 1/2023	17		—
$63 million, 7.65% Notes due 3/2023	63		—
Other, including finance leases	23		23
Total short-term debt	$	2,397	$	2,545
Long-term debt
$17 million, 8.3% Notes due 2023	$	—	$	17
$63 million, 7.65% Notes due 2023	—		63
$700 million, Floating Rate Notes due 2023	699		699
$1,000 million, 3% Notes due 2023	989		985
$1,187 million, 3.75% Notes due 2023	1,186		1,185
$500 million, 0.613% Notes due 2024	499		498
$1,000 million, 3.5% Notes due 2024	987		983
$900 million, 3.25% Notes due 2025 (1)	895		897
$2,200 million, 4.125% Notes due 2025	2,194		2,193
$1,500 million, 4.5% Notes due 2026	1,503		1,504
$800 million, 1.25% Notes due 2026	797		796
$1,500 million, 3.4% Notes due 2027	1,429		1,423
$259 million, 7.875% Debentures due 2027	259		259
$600 million, 3.05% Notes due 2027	596		596
$3,800 million, 4.375% Notes due 2028	3,783		3,782
$1,500 million, 2.4% Notes due 2030	1,491		1,490
$1,500 million, 2.375% Notes due 2031 (1)	1,414		1,500
$45 million, 8.3% Step Down Notes due 2033	45		45
$190 million, 6.15% Notes due 2036	190		190
$2,200 million, 4.8% Notes due 2038	2,192		2,192
$750 million, 3.2% Notes due 2040	743		743
$121 million, 5.875% Notes due 2041	119		119
$448 million, 6.125% Notes due 2041	489		490
$317 million, 5.375% Notes due 2042	315		315
$1,500 million, 4.8% Notes due 2046	1,466		1,465
$1,000 million, 3.875% Notes due 2047	989		988
$3,000 million, 4.9% Notes due 2048	2,968		2,967
$1,250 million, 3.4% Notes due 2050	1,236		1,236
$1,500 million, 3.4% Notes due 2051	1,476		1,477
Other, including finance leases	35		28
Total long-term debt	$	30,984	$	31,125

(1) The Company has entered into interest rate swap contracts hedging a portion of these fixed-rate debt instruments. See Note 11 for further information about the Company's interest rate risk management and these derivative instruments.