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Debt (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt |
| March 31, 2025 |  | December 31, 2024
USD Term Loan Facility, due 2026(1)(2) | 139 |  |  | 140 |
JPY Term Loan Facility, due 2026(2) | 197 |  |  | 188 |
5.900% Notes, due 2027 | 625 |  |  | 625 |
6.750% Bonds, due 2028 | 300 |  |  | 300 |
3.000% Notes, due 2029 | 700 |  |  | 700 |
4.850% Notes, due 2031(3) | 500 |  |  | 500 |
5.950% Notes, due 2037 | 625 |  |  | 625 |
4.750% Iowa Finance Authority Loan, due 2042 | 250 |  |  | 250 |
Other, net(4) | (12) |  |  | (13) |
| 3,324 |  |  | 3,315 |
Less: amount due within one year | 7 |  |  | 6 |
Total long-term debt | $ | 3,317 |  |  | $ | 3,309 |
(1)The Company made its first quarterly repayment of a portion of the outstanding principal amount under the USD Term Loan Facility in accordance with the provisions of the applicable term loan agreement. (2)The Company entered into interest rate swaps to exchange the floating interest rates of the term loan facilities to fixed interest rates. Based on the Company’s current long-term debt ratings, the interest rate on the USD Term Loan Facility was 5.545% and 5.670% and the interest rate on the JPY Term Loan Facility was 1.794% and 1.919% as of March 31, 2025 and December 31, 2024, respectively. (3)The Company concurrently entered into a cross-currency swap to synthetically convert the 2031 Notes into a Euro liability of approximately €458 million with a fixed annual interest rate of 3.720%. (4)Includes unamortized debt discounts and unamortized debt issuance costs related to outstanding notes and bonds listed in the table above and various financing arrangements related to subsidiaries.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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