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v3.25.2

Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | Long-term debt consisted of the following:
|  | Effective interest rate as of June 30, |  | Balance as of June 30, |  | Balance as of December 31,
(In millions) |  | 2025 |  | 2025 |  | 2024
3.500% Unsecured Notes due 2026 |  | 3.59% |  | $326 |  | $400
4.750% Unsecured Notes due 2046 |  | 5.02% |  | 554 |  | 590
4.600% Unsecured Notes due 2027 |  | 4.65% |  | 700 |  | —
4.700% Unsecured Notes due 2028 |  | 4.76% |  | 700 |  | —
4.950% Unsecured Notes due 2030 |  | 5.01% |  | 1,000 |  | —
5.400% Unsecured Notes due 2035 |  | 5.47% |  | 1,000 |  | —
7.125% Unsecured Notes due 2036 |  | 7.25% |  | 445 |  | —
6.875% Unsecured Notes due 2039 |  | 6.99% |  | 191 |  | —
6.500% Unsecured Notes due 2043 |  | 6.61% |  | 239 |  | —
4.200% Unsecured Notes due 2033 |  | 4.24% |  | 50 |  | —
7.650% Private Placement due 2031 |  | 7.80% |  | 50 |  | —
Other |  |  |  | 11 |  | 8
Total principal |  |  |  | 5,266 |  | 998
Unamortized discounts, premiums and debt issuance costs |  |  |  | 1 |  | (13)
Total long-term debt |  |  |  | 5,267 |  | 985
Less: current portion of long-term debt |  |  |  | (6) |  | (5)
Long-term debt |  |  |  | $5,261 |  | $980
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The fair value of the Company’s long-term debt was as follows:
(In millions) |  | As of June 30, 2025
Carrying amount |  | $5,261
Fair value |  | $5,332

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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