Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Debt

The following table provides the aggregate carrying value and fair value of our total long-term debt:

(in millions)	March 31, 2022		December 31, 2021
Carrying value	$	27,922	$	28,044
Fair value	27,670		30,459

Pre-tax Effects of Net Investment Hedges on Accumulated Other Comprehensive Losses

The following table provides the aggregate carrying value and fair value of our foreign currency denominated debt:

(in millions)	March 31, 2022		December 31, 2021
Foreign currency denominated debt
Carrying value	$	4,690	$	4,817
Fair value	4,713		5,114

The pre-tax effects of our net investment hedges on accumulated other comprehensive losses and our condensed consolidated statements of earnings were as follows:

	(Gain) Loss Recognized in Accumulated Other Comprehensive Losses				(Gain) Loss Recognized in Net Earnings
	For the Three Months Ended March 31,
(in millions)	2022		2021		2022		2021
Foreign currency contracts	$	—	$	(35)	$	—	$	(5)
Foreign currency denominated debt	(128)		(206)		—		—
Total	$	(128)	$	(241)	$	—	$	(5)