Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Aggregate Fair Value and Carrying Value

The aggregate carrying value and fair value of our total long-term debt were as follows at December 31:

(in millions)	2023		2022
Carrying value	$	26,233	$	26,680
Fair value	24,373		22,928
Foreign currency denominated debt included in long-term debt:
Carrying value	3,303		4,540
Fair value	3,125		4,165

Derivative Instruments, Gain (Loss)

The pre-tax effects of our net investment hedges on accumulated other comprehensive losses were as follows:

	(Gain) Loss Recognized in Accumulated Other Comprehensive Losses
	For the Years Ended December 31,
(in millions)	2023		2022		2021
Foreign currency contracts	$	—	$	—	$	(16)
Foreign currency denominated debt	108		(281)		(359)
Total	$	108	$	(281)	$	(375)