Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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)	September 30, 2022		December 31, 2021
Carrying value	$	26,291	$	28,044
Fair value	21,614		30,459
Foreign currency denominated debt included in long-term debt above:
Carrying value	4,156		4,817
Fair value	3,780		5,114

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

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

	(Gain) Loss Recognized in Accumulated Other Comprehensive Losses				(Gain) Loss Recognized in Net Earnings (Losses)				(Gain) Loss Recognized in Accumulated Other Comprehensive Losses
	For the Nine Months Ended September 30,								For the Three Months Ended September 30,
(in millions)	2022		2021		2022		2021		2022		2021
Foreign currency contracts	$	—	$	(16)	$	—	$	(7)	$	—	$	—
Foreign currency denominated debt	(664)		(270)		—		—		(289)		(118)
Total	$	(664)	$	(286)	$	—	$	(7)	$	(289)	$	(118)