v3.22.2.2
Debt (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of company's debt
Our debt consisted of the following:
Stated interest rateEffective interest rate
September 30,
2022(1)
December 31,
 2021(1)
(in millions)
Short-term debt:
Senior unsecured term loans:
$380 million term loan, due May 2022
1.54%1.64%$— $380 
$380 million term loan, due May 2023
4.13%4.22%380 — 
Total short-term debt$380 $380 
Long-term debt:
Senior unsecured term loans:
$1,925 million term loan, due January 2025
4.50%4.81%$1,228 $1,298 
Senior unsecured notes:
$500 million notes, due May 2023
2.95%3.17%499 498 
$500 million notes, due May 2025
3.63%3.76%498 497 
$750 million notes due May 2030
4.38%4.50%739 738 
$1,000 million notes, due February 2031
2.30%2.38%991 990 
$250 million notes, due July 2032
7.13%7.43%247 247 
$300 million notes, due July 2033
5.50%5.88%159 158 
$300 million notes, due December 2040
5.95%6.03%216 216 
Notes payable and finance leases due on various dates through fiscal 2032

1.84%-4.30%
Various45 54 
Total long-term debt4,622 4,696 
Less current portion(647)(103)
Total long-term debt, net of current portion

$3,975 $4,593 
(1) The carrying amounts of the senior unsecured term loans and notes as of September 30, 2022, and December 31, 2021, include the remaining principal outstanding of $4,994 million and $5,065 million, respectively, less total unamortized debt discounts and deferred debt issuances costs of $37 million and $43 million, respectively.