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Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Short-term and Long-term Debt Outstanding
A summary of short-term and long-term debt outstanding is as follows:
(in millions)December 31,
 20232022
4.125% Senior Notes, due 2023 1
$— $38 
3.625% Senior Notes, due 2024 2
47 48 
4.75% Senior Notes, due 2025 3
4.0% Senior Notes, due 2026 4
2.95% Senior Notes, due 2027 5
497 496 
2.45% Senior Notes, due 2027 6
1,240 1,237 
4.75% Senior Notes, due 2028 7
810 823 
4.25% Senior Notes, due 2029 8
1,016 1,029 
2.5% Senior Notes, due 2029 9
497 497 
2.70% Sustainability-Linked Senior Notes, due 2029 10
1,236 1,233 
1.25% Senior Notes, due 2030 11
595 594 
2.90% Senior Notes, due 2032 12
1,474 1,472 
5.25% Senior Notes due 2033 13
743 — 
6.55% Senior Notes, due 2037 14
291 290 
4.5% Senior Notes, due 2048 15
272 272 
3.25% Senior Notes, due 2049 16
590 590 
3.70% Senior Notes, due 2052 17
975 974 
2.3% Senior Notes, due 2060 18
683 682 
3.9% Senior Notes, due 2062 19
486 486 
Commercial paper— 188 
Total debt11,459 10,956 
Less: short-term debt including current maturities47 226 
Long-term debt$11,412 $10,730 

1We made a $38 million payment on the retirement of our 4.125% senior notes in the third quarter of 2023.
2Interest payments are due semiannually on May 1 and November 1.
3Interest payments are due semiannually on February 15 and August 15.
4Interest payments are due semiannually on March 1 and September 1.
5Interest payments are due semiannually on January 22 and July 22, and as of December 31, 2023, the unamortized debt discount and issuance costs total $3 million.
6Interest payments are due semiannually on March 1 and September 1, beginning on September 30, 2022, and as of December 31, 2023, the unamortized debt discount and issuance costs total $10 million.
7Interest payments are due semiannually on February 1 and August 1.
8Interest payments are due semiannually on May 1 and November 1.
9Interest payments are due semiannually on June 1 and December 1, and as of December 31, 2023, the unamortized debt discount and issuance costs total $3 million.
10Interest payments are due semiannually on March 1 and September 1, beginning on September 1, 2022, and as of December 31, 2023, the unamortized debt discount and issuance costs total $14 million.
11Interest payments are due semiannually on February 15 and August 15, and as of December 31, 2023, the unamortized debt discount and issuance costs total $5 million.
12Interest payments are due semiannually on March 1 and September 1, beginning on September 1, 2022, and as of December 31, 2023, the unamortized debt discount and issuance costs total $26 million.
13 Interest payments are due semiannually on March 15 and September 15, beginning on March 15, 2024, and as of December 31, 2023, the unamortized debt discount and issuance costs total $7 million.
14Interest payments are due semiannually on May 15 and November 15, and as of December 31, 2023, the unamortized debt discount and issuance costs total $2 million.
15Interest payments are due semiannually on May 15 and November 15, and as of December 31, 2023, the unamortized debt discount and issuance costs total $11 million.
16Interest payments are due semiannually on June 1 and December 1, and as of December 31, 2023, the unamortized debt discount and issuance costs total $10 million.
17Interest payments are due semiannually on March 1 and September 1, beginning on September 1, 2022, and as of December 31, 2023, the unamortized debt discount and issuance costs total $25 million.
18Interest payments are due semiannually on February 15 and August 15, and as of December 31, 2023, the unamortized debt discount and issuance costs total $17 million.
19Interest payments are due semiannually on March 1 and September 1, beginning on September 1, 2022, and as of December 31, 2023, the unamortized debt discount and issuance costs total $14 million.