Borrowings - Additional Information (Detail)
€ in Millions |
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1 Months Ended |
12 Months Ended |
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May 06, 2015
EUR (€)
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Apr. 30, 2020
USD ($)
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Jan. 31, 2020
USD ($)
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Dec. 31, 2019
USD ($)
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Apr. 30, 2019
USD ($)
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Apr. 30, 2017
USD ($)
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Mar. 31, 2017
USD ($)
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Mar. 31, 2014
USD ($)
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Dec. 31, 2023
USD ($)
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Dec. 31, 2022
USD ($)
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Dec. 31, 2021
USD ($)
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Dec. 31, 2023
EUR (€)
|
May 30, 2023
USD ($)
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| Debt Instrument [Line Items] |
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| Borrowings |
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$ 7,918,000,000
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$ 6,654,000,000
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| Fair Value |
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7,413,000,000
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5,900,000,000
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| Debt instrument, aggregate principal amount |
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7,972,000,000
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| Repayments of long-term debt |
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0
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750,000,000
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$ 750,000,000
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| Gain (loss) from net investment hedging, net of tax |
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(20,000,000)
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37,000,000
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46,000,000
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| Gain (loss) from net investment hedging, tax expense (benefit) |
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6,000,000
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12,000,000
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14,000,000
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| Other Comprehensive Income [Member] |
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| Debt Instrument [Line Items] |
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| Amount of ineffectiveness on net investment hedges |
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$ 0
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$ 0
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0
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| Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] |
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| Debt Instrument [Line Items] |
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| Debt offering designated as net investment hedge to offset its currency exposure | € |
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€ 700
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| Unsecured Debt 2027 Notes [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, aggregate principal amount |
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$ 700,000,000
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| Debt instrument, interest rate |
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3.20%
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| Debt instrument, maturity date |
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Mar. 15, 2027
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| Debt instrument, Approximate annual interest expense |
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$ 22,000,000
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| Debt instrument, payment terms |
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Interest is payable semi-annually on March 15 and September 15 of each year
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| Unsecured Debt 2024 Notes [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, aggregate principal amount |
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$ 1,000,000,000
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| Debt instrument, interest rate |
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3.50%
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| Debt instrument, maturity date |
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Mar. 18, 2024
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| Debt instrument, Approximate annual interest expense |
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$ 35,000,000
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| Debt instrument, payment terms |
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Interest is payable semi-annually in arrears on March 18 and September 18 of each year
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| Commercial Paper [Member] |
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| Debt Instrument [Line Items] |
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| Maximum amount available under facility |
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$ 4,000,000,000
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| Amount outstanding under credit facility |
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0
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| 2023 Revolving Credit Facilities [Member] |
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| Debt Instrument [Line Items] |
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| Unsecured revolving credit facility |
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$ 5,000,000,000
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300,000,000
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| Extended debt instrument maturity date |
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2028-03
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| Additional amount available, subject to lender credit approval |
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$ 1,000,000,000
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| Maximum amount available under facility |
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$ 6,000,000,000
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| Line of credit facility, covenant terms |
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The 2023 credit facility permits the Company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, which could increase the overall size of the 2023 credit facility to an aggregate principal amount of up to $6 billion. The 2023 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1
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| Line of credit facility, covenant compliance |
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less than 1 to 1
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| Amount outstanding under credit facility |
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$ 0
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| 4.75% Notes due 2033 [Member] |
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| Debt Instrument [Line Items] |
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| Borrowings |
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1,230,000,000
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| Fair Value |
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1,261,000,000
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| Debt instrument, aggregate principal amount |
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$ 1,250,000,000
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$ 1,250,000,000
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| Debt instrument, interest rate |
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4.75%
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| Debt instrument, maturity date |
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May 25, 2033
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| Debt instrument, Approximate annual interest expense |
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$ 59,000,000
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| Debt instrument, payment terms |
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Interest of approximately $59 million per year is payable semi-annually on May 25 and November 25 of each year, commencing on November 25, 2023
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| Debt instrument, redemption period, end date |
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Feb. 25, 2033
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| Debt Instrument, redemption price, percentage of principal amount redeemed |
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100.00%
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| 3.50% Notes Due March 2024 [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, aggregate principal amount |
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$ 1,000,000,000
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| Debt instrument, interest rate |
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3.50%
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| 1.90% Notes due 2031 [Member] |
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| Debt Instrument [Line Items] |
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| Borrowings |
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$ 1,242,000,000
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| Fair Value |
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1,053,000,000
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| Debt instrument, aggregate principal amount |
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$ 1,250,000,000
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$ 1,250,000,000
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| Debt instrument, interest rate |
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1.90%
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| Debt instrument, maturity date |
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Jan. 28, 2031
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| Debt instrument, Approximate annual interest expense |
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$ 24,000,000
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| Debt instrument, payment terms |
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Interest of approximately $24 million per year is payable semi-annually on January 28 and July 28 of each year, which commenced on July 28, 2020.
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| Debt instrument, redemption period, end date |
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Oct. 28, 2030
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| Debt Instrument, redemption price, percentage of principal amount redeemed |
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100.00%
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| 2.10% Notes due 2032 [Member] |
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| Debt Instrument [Line Items] |
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| Borrowings |
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$ 988,000,000
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| Fair Value |
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834,000,000
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| Debt instrument, aggregate principal amount |
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$ 1,000,000,000
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$ 1,000,000,000
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| Debt instrument, interest rate |
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2.10%
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| Debt instrument, maturity date |
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Feb. 25, 2032
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| Debt instrument, Approximate annual interest expense |
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$ 21,000,000
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| Debt instrument, payment terms |
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Interest of approximately $21 million per year is payable semi-annually on February 25 and August 25 of each year, which commenced on February 25, 2022.
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| Debt instrument, redemption period, end date |
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Nov. 25, 2031
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| Debt Instrument, redemption price, percentage of principal amount redeemed |
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100.00%
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| 3.375% Notes due June 2022 [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, aggregate principal amount |
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$ 750,000,000
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| Debt instrument, interest rate |
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3.375%
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| 2.40% Notes due 2030 [Member] |
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| Debt Instrument [Line Items] |
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| Borrowings |
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$ 996,000,000
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| Fair Value |
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893,000,000
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| Debt instrument, aggregate principal amount |
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$ 1,000,000,000
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$ 1,000,000,000
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| Debt instrument, interest rate |
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2.40%
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| Debt instrument, maturity date |
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Apr. 30, 2030
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| Debt instrument, Approximate annual interest expense |
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$ 24,000,000
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| Debt instrument, payment terms |
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Interest of approximately $24 million per year is payable semi-annually on April 30 and October 30 of each year, which commenced on April 30, 2020.
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| Debt instrument, redemption period, end date |
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Jan. 30, 2030
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| Debt Instrument, redemption price, percentage of principal amount redeemed |
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100.00%
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| 3.25% Notes due 2029 [Member] |
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| Debt Instrument [Line Items] |
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| Borrowings |
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$ 993,000,000
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| Fair Value |
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948,000,000
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| Debt instrument, aggregate principal amount |
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$ 1,000,000,000
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$ 1,000,000,000
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| Debt instrument, interest rate |
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3.25%
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| Debt instrument, maturity date |
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Apr. 30, 2029
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| Debt instrument, Approximate annual interest expense |
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$ 33,000,000
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| Debt instrument, payment terms |
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Interest is payable semi-annually on April 30 and October 30 of each year, which commenced on October 30, 2019
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| Debt instrument, redemption period, end date |
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Jan. 30, 2029
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| 5.00% Notes due 2019 [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, interest rate |
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5.00%
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| Repayments of long-term debt |
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$ 1,000,000,000
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| 6.25% Notes due 2017 [Member] |
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| Debt Instrument [Line Items] |
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| Debt instrument, interest rate |
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6.25%
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| Repayments of long-term debt |
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|
$ 700,000,000
|
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| Long-term debt, maturity date |
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2017-09
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| 2025 Notes [Member] |
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| Debt Instrument [Line Items] |
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| Borrowings |
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|
$ 771,000,000
|
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| Fair Value |
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|
752,000,000
|
|
|
|
|
| Debt instrument, aggregate principal amount |
€ 700
|
|
|
|
|
|
|
|
772,000,000
|
|
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|
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| Debt instrument, interest rate |
1.25%
|
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| Debt instrument, maturity date |
May 06, 2025
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| Debt instrument, Approximate annual interest expense |
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|
$ 11,000,000
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| Debt instrument, payment terms |
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|
annually on May 6 of each year
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