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Contractual Obligations and Commitments (Tables)
 6 Months Ended
Jun. 30, 2020
Short-term Debt [Line Items]  
Schedule of Long-term Debt Instruments [Table Text Block]
(in millions, except interest rates)Issuance DateMaturity DateAs ofCoupon Rate (1)
June 30,
2020		December 31,
2019
May 2022 NotesMay 2015May 2022500  500  3.375%
August 2022 Term LoanAugust 2019August 2022—  1,000  
October 2023 NotesAugust 2013October 2023244  244  4.125%
March 2024 NotesFebruary 2019March 2024850  850  3.450%
May 2025 NotesMay 2015May 2025523  523  3.850%
June 2025 NotesMay 2020June 2025500  —  1.900%
March 2026 NotesFebruary 2019March 2026850  850  3.750%
December 2027 NotesNovember 2019December 20271,009  1,011  0.625%
March 2028 NotesFebruary 2018March 2028434  434  4.000%
March 2029 NotesFebruary 2019March 2029850  850  4.000%
June 2030 NotesMay 2020June 20301,200  —  2.650%
November 2035 Notes (2)
November 2005November 2035350  350  7.000%
March 2039 NotesFebruary 2019March 2039750  750  4.550%
January 2040 NotesDecember 2009January 2040300  300  7.375%
March 2049 NotesFebruary 2019March 20491,000  1,000  4.700%
Unamortized Debt Issuance Discount
and Deferred Financing Costs
2020 - 2049(94) (83) 
Unamortized Gain on Fair Value Hedges2020 - 20236  7  
Finance Lease ObligationVarious6  6  
Long-term debt$9,278  $8,592  
Note: The table above does not include unamortized amounts related to interest rate contracts designated as cash flow hedges.
(1) Coupon rates are semi-annual, except for the December 2027 Notes, which bears an annual coupon, and the August 2022 Term Loan, which is a variable-rate instrument based on LIBOR.
(2) Corporate credit rating improvements may result in a decrease in the adjusted interest rate on our November 2035 Notes to the extent that our lowest credit rating is above BBB- or Baa3. The interest rates on our November 2035 Notes will be permanently reinstated to the issuance rate if the lowest credit ratings assigned to these senior notes is either A- or A3 or higher.
Summary Of Term Loan And Revolving Credit Facility Agreement Compliance With Debt Covenants [Table Text Block]
Covenant RequirementActual
 as of June 30, 2020as of June 30, 2020
Maximum permitted leverage ratio (1)4.75 times3.64 times
(1)Ratio of total debt to deemed consolidated EBITDA, as defined by the credit agreements, as amended.
Transfer of Financial Assets Accounted for as Sales [Table Text Block]
Factoring ArrangementsAs of June 30, 2020As of December 31, 2019
Amount
De-recognized		Average
Interest Rate		Amount
De-recognized		Average
Interest Rate
Euro denominated$130  2.1 %$171  1.4 %
Yen denominated188  0.6 %226  0.6 %
Commercial Paper [Member]  
Short-term Debt [Line Items]  
Schedule of Short-term Debt [Table Text Block]
Commercial Paper

Our commercial paper program is backed by the Revolving Credit Facility, as discussed above. Outstanding commercial paper directly reduces borrowing capacity under the Revolving Credit Facility. In the first quarter of 2020, we refinanced $1.360 billion of commercial paper using proceeds from the Revolving Credit Facility and did not have any commercial paper outstanding as of June 30, 2020.
As of
(in millions, except maturity and yield)June 30, 2020December 31, 2019
Commercial paper outstanding (at par)$—  $711  
Maximum borrowing capacity2,750  2,750  
Borrowing capacity available 2,750  2,039  
Weighted average maturity0 days55 days
Weighted average yield— %2.21 %