DEBT (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Carrying Value of Debt Outstanding

The carrying value of debt outstanding was as follows at December 31, 2020 and 2019:

	2020		2019
	(in millions)
Short-term debt:
Commercial paper	$	600	$	300
Senior notes:
$400 million, 2.50% due December 15, 2020	—		399
Total short-term debt	$	600	$	699
Long-term debt:
Senior notes:
$600 million, 3.15% due December 1, 2022	$	598	$	598
$400 million, 2.90% due December 15, 2022	398		397
$600 million, 3.85% due October 1, 2024	598		597
$600 million, 4.50% due April 1, 2025	595		—
$600 million, 3.95% due March 15, 2027	596		595
$500 million, 3.125% due August 15, 2029	495		495
$500 million, 4.875% due April 1, 2030	494		—
$250 million, 8.15% due June 15, 2038	262		262
$400 million, 4.625% due December 1, 2042	396		396
$750 million, 4.95% due October 1, 2044	739		739
$400 million, 4.80% due March 15, 2047	396		396
$500 million, 3.95% due August 15, 2049	493		492
Total long-term debt	$	6,060	$	4,967

Schedule of Maturities of Long-term Debt

Maturities of the short-term and long-term debt for the years ending December 31, are as follows:

For the years ending December 31,	(in millions)
2021	$	600
2022	1,000
2023	—
2024	600
2025	600
Thereafter	3,900