XML 61 R48.htm IDEA: XBRL DOCUMENT v3.22.2
Debt and Credit Agreements - Narrative (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
swap
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Jul. 09, 2020
USD ($)
Commercial Paper              
Line of Credit Facility              
Maximum borrowing capacity of credit facility $ 1,000,000,000     $ 1,000,000,000      
Borrowings outstanding 0     0      
Fixed Rate Notes Due Between 2036 and 2040              
Line of Credit Facility              
Debt issued 800,000,000 $ 800,000,000   800,000,000      
3.25% Notes Due 2027              
Line of Credit Facility              
Debt issued             $ 850,000,000
Debt interest rate             3.25%
Unsecured Revolving Credit Facility Expiring March 2024 | Credit Facility              
Line of Credit Facility              
Maximum borrowing capacity of credit facility 1,200,000,000     1,200,000,000      
Borrowings outstanding 0     0      
Fixed-to-Floating Interest Rate Swap | Fair Value Hedging              
Line of Credit Facility              
Derivative, number of fair value hedges | swap   5          
Derivative, term of contract   10 years          
Designated as Hedging Instrument | Fixed-to-Floating Interest Rate Swap | Fair Value Hedging              
Line of Credit Facility              
Fair value hedge derivative instrument liabilities at fair value 72,000,000     72,000,000      
Designated as Hedging Instrument | Forward Starting Interest Rate Swap | Cash Flow Hedge              
Line of Credit Facility              
Aggregate notional value of interest forward interest rate swap 162,000,000     162,000,000   $ 91,000,000 $ 500,000,000
Cash flow hedge derivative instrument assets at fair value 162,000,000     162,000,000   $ 91,000,000  
Unrealized gains (losses) recorded net of tax in other comprehensive income related to hedge $ 33,000,000   $ (35,000,000) $ 54,000,000 $ 21,000,000