v3.25.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Company’s Outstanding Debt | The Company’s outstanding debt is as follows:
December 31, |  |  |  |
(In millions) |  | 2025 |  | 2024
Short-term: |  |  |  |
Current portion of long-term debt |  | $ | 1,267 |  |  | $ | 519 |
|  | $ | 1,267 |  |  | $ | 519 |
Long-term: |  |  |  |
Senior notes – 3.500% due 2025 |  | $ | — |  |  | $ | 500 |
Senior notes – 1.349% due 2026 |  | 647 |  |  | 579 |
Senior notes – 3.750% due 2026 |  | 600 |  |  | 599 |
Senior notes – 4.550% due 2027 |  | 946 |  |  | 945 |
Senior notes – Floating due 2027 |  | 299 |  |  | 299 |
Senior notes – 4.375% due 2029 |  | 1,499 |  |  | 1,499 |
Senior notes – 1.979% due 2030 |  | 646 |  |  | 566 |
Senior notes – 2.250% due 2030 |  | 744 |  |  | 742 |
Senior notes – 4.650% due 2030 |  | 992 |  |  | 991 |
Senior notes – 2.375% due 2031 |  | 398 |  |  | 397 |
Senior notes – 4.850% due 2031 |  | 992 |  |  | 992 |
Senior notes – 5.750% due 2032 |  | 494 |  |  | 494 |
Senior notes – 5.875% due 2033 |  | 298 |  |  | 299 |
Senior notes – 5.400% due 2033 |  | 594 |  |  | 593 |
Senior notes – 5.150% due 2034 |  | 496 |  |  | 495 |
Senior notes – 5.000% due 2035 |  | 1,983 |  |  | 1,982 |
Senior notes – 4.750% due 2039 |  | 496 |  |  | 496 |
Senior notes – 5.350% due 2044 |  | 495 |  |  | 495 |
Senior notes – 4.350% due 2047 |  | 494 |  |  | 494 |
Senior notes – 4.200% due 2048 |  | 594 |  |  | 593 |
Senior notes – 4.900% due 2049 |  | 1,240 |  |  | 1,239 |
Senior notes – 2.900% due 2051 |  | 346 |  |  | 346 |
Senior notes – 6.250% due 2052 |  | 492 |  |  | 491 |
Senior notes – 5.450% due 2053 |  | 591 |  |  | 591 |
Senior notes – 5.700% due 2053 |  | 989 |  |  | 989 |
Senior notes – 5.450% due 2054 |  | 493 |  |  | 493 |
Senior notes – 5.400% due 2055 |  | 1,479 |  |  | 1,479 |
Mortgage – 5.701% due 2035 |  | 249 |  |  | 267 |
Other |  | 1 |  |  | 2 |
|  | 19,587 |  |  | 19,947 |
Less: current portion |  | 1,267 |  |  | 519 |
|  | $ | 18,320 |  |  | $ | 19,428 |
Schedule of Estimated Fair Value of Short-Term and Long-Term Debt | The fair value amounts shown in the following table are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or need to dispose of the financial instrument.
|  | December 31, 2025 |  | December 31, 2024
(In millions) |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Short-term debt |  | $ | 1,267 |  |  | $ | 1,261 |  |  | $ | 519 |  |  | $ | 518 |
Long-term debt |  | $ | 18,320 |  |  | $ | 18,093 |  |  | $ | 19,428 |  |  | $ | 18,734 |

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