Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Outstanding Amounts of Debt and Finance Leases

The outstanding amounts of debt, net of issuance costs, discounts or premiums, and finance leases were as follows:

(In millions)	December 31, 2022		December 31, 2021
Short-term debt
Commercial paper	$	—	$	2,027
$500 million, 3.05% Notes due November 2022	—		495
$17 million, 8.3% Notes due January 2023	17		—
$63 million, 7.65% Notes due March 2023	63		—
$700 million, Floating Rate Notes due July 2023	700		—
$1,000 million, 3.0% Notes due July 2023	994		—
$1,187 million, 3.75% Notes due July 2023	1,186		—
Other, including finance leases	33		23
Total short-term debt	$	2,993	$	2,545
Long-term debt
$17 million, 8.3% Notes due January 2023	$	—	$	17
$63 million, 7.65% Notes due March 2023	—		63
$700 million, Floating Rate Notes due July 2023	—		699
$1,000 million, 3% Notes due July 2023	—		985
$1,187 million, 3.75% Notes due July 2023	—		1,185
$500 million, 0.613% Notes due March 2024	499		498
$1,000 million, 3.5% Notes due June 2024	990		983
$900 million, 3.25% Notes due April 2025 (1)	872		897
$2,200 million, 4.125% Notes due November 2025	2,195		2,193
$1,500 million, 4.5% Notes due February 2026	1,503		1,504
$800 million, 1.25% Notes due March 2026	797		796
$1,500 million, 3.4% Notes due March 2027	1,436		1,423
$259 million, 7.875% Debentures due May 2027	259		259
$600 million, 3.05% Notes due October 2027	597		596
$3,800 million, 4.375% Notes due October 2028	3,785		3,782
$1,500 million, 2.4% Notes due March 2030	1,492		1,490
$1,500 million, 2.375% Notes due March 2031 (1)	1,380		1,500
$45 million, 8.3% Step Down Notes due January 2033 (2)	45		45
$190 million, 6.15% Notes due November 2036	190		190
$2,200 million, 4.8% Notes due August 2038	2,192		2,192
$750 million, 3.2% Notes due March 2040	743		743
$121 million, 5.875% Notes due March 2041	119		119
$448 million, 6.125% Notes due November 2041	488		490
$317 million, 5.375% Notes due February 2042	315		315
$1,500 million, 4.8% Notes due July 2046	1,466		1,465
$1,000 million, 3.875% Notes due October 2047	989		988
$3,000 million, 4.9% Notes due December 2048	2,968		2,967
$1,250 million, 3.4% Notes due March 2050	1,236		1,236
$1,500 million, 3.4% Notes due March 2051	1,478		1,477
Other, including finance leases	66		28
Total long-term debt	$	28,100	$	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.

(2) Interest rate step down to 8.08% effective January 15, 2023.

Maturities of Outstanding Long-Term Debt

Maturities of outstanding long-term debt as of December 31, 2022 are as follows:

(In millions)	Scheduled Maturities (1)
2023	$	2,967
2024	$	1,500
2025	$	3,100
2026	$	2,300
2027	$	2,359
Maturities after 2027	$	19,122

(1) Long-term debt maturity amounts include current maturities of long-term debt. Finance leases are excluded from this table. See Note 20 - Leases for finance lease maturity amounts.