Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Short-term and Long-term Borrowings

Short-term and long-term borrowings are comprised of the following at December 31:

	2021				2020
	Amount		Effective Interest Rate (1)		Amount		Effective Interest Rate (1)
Short-term borrowings
Commercial paper	$	—	n/a		$	801	0.5	%
Short-term borrowings from GE	—		n/a		45		n/a
Other borrowings	40		4.5	%	43		4.2	%
Total short-term borrowings	40				889
Long-term borrowings
2.773% Senior Notes due December 2022	—		—	%	1,247		2.9	%
1.231% Senior Notes due December 2023	647		1.5	%	—		—
8.55% Debentures due June 2024 (2)	118		4.1	%	123		4.1	%
2.061% Senior Notes due December 2026	597		2.2	%	—		—
3.337% Senior Notes due December 2027	1,335		3.2	%	1,344		3.4	%
6.875% Notes due January 2029 (2)	279		4.0	%	284		3.9	%
3.138% Senior Notes due November 2029	522		3.2	%	522		3.2	%
4.486% Senior Notes due May 2030	497		4.6	%	497		4.6	%
5.125% Senior Notes due September 2040 (2)	1,292		4.2	%	1,297		4.2	%
4.080% Senior Notes due December 2047	1,337		4.1	%	1,337		4.1	%
Other long-term borrowings	63		2.9	%	93		3.0	%
Total long-term borrowings	6,687				6,744
Total borrowings	$	6,727			$	7,633

(1)Effective interest rate is based on the carrying value including issuance costs and step-up adjustments, as applicable, recorded for certain Senior Notes and Debentures assumed in connection with the acquisition of BHI.

(2)Represents long-term fixed rate debt obligations assumed in connection with the acquisition of BHI.

Schedule of Maturities of Debt

Maturities of debt for each of the five years in the period ending December 31, 2026, and in the aggregate thereafter, are listed in the table below:

	2022		2023		2024		2025		2026		Thereafter
Total debt	$	40	$	649	$	151	$	14	$	597	$	5,276