Notes Payable and Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

As of June 30, 2020 and December 31, 2019, the Company had short-term and long-term debt outstanding as follows:

	June 30,		December 31,
(in millions)	2020		2019
Short-term debt
Short-term borrowings	$	45	$	34
Long-term debt
4.625% Senior notes due 09/15/20 ($250 million par value)	250		251
1.800% Senior notes due 11/07/22 (€500 million par value)	560		558
3.375% Senior notes due 03/15/25 ($500 million par value)	497		497
2.650% Senior notes due 07/01/27 ($1,100 million par value)	1,087		—
7.125% Senior notes due 02/15/29 ($121 million par value)	119		119
4.375% Senior notes due 03/15/45 ($500 million par value)	494		494
Term loan facilities and other	7		7
Total long-term debt	3,014		1,926
Less: current portion	252		252
Long-term debt, net of current portion	$	2,762	$	1,674