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Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of debt, net of discounts and debt issuance costs | The Company’s debt consisted of the following:
(In millions) | September 30, 2025 |  | December 31, 2024
Short-term and current maturities of long-term debt: |  |  |
Foreign lines of credit | $ | 876 |  |  | $ | 784 |
Finance lease and other financing obligations | 447 |  |  | 326 |
Total short-term and current maturities of long-term debt | $ | 1,323 |  |  | $ | 1,110 |
Long-term debt: |  |  |
3.850% senior notes due June 2025 | $ | — |  |  | $ | 900 |
2.250% senior notes due July 2025 (British Pound-denominated) | — |  |  | 661 |
3.200% senior notes due July 2026 | 2,000 |  |  | 2,000 |
5.150% senior notes due March 2027 | 750 |  |  | 750 |
2.250% senior notes due June 2027 | 1,000 |  |  | 1,000 |
1.125% senior notes due July 2027 (Euro-denominated) | 585 |  |  | 521 |
5.450% senior notes due March 2028 | 900 |  |  | 900 |
2.875% senior notes due June 2028 (Euro-denominated) | 878 |  |  | — |
5.375% senior notes due August 2028 | 700 |  |  | 700 |
4.200% senior notes due October 2028 | 1,000 |  |  | 1,000 |
3.500% senior notes due July 2029 | 3,000 |  |  | 3,000 |
4.750% senior notes due March 2030 | 850 |  |  | 850 |
2.650% senior notes due June 2030 | 1,000 |  |  | 1,000 |
1.625% senior notes due July 2030 (Euro-denominated) | 585 |  |  | 521 |
4.550% senior notes due February 2031 | 1,000 |  |  | — |
5.350% senior notes due March 2031 | 500 |  |  | 500 |
4.500% senior notes due May 2031 (Euro-denominated) | 936 |  |  | 835 |
3.000% senior notes due July 2031 (British Pound-denominated) | 704 |  |  | 661 |
3.500% senior notes due June 2032 (Euro-denominated) | 907 |  |  | — |
5.600% senior notes due March 2033 | 900 |  |  | 900 |
5.625% senior notes due August 2033 | 1,300 |  |  | 1,300 |
5.450% senior notes due March 2034 | 750 |  |  | 750 |
5.150% senior notes due August 2034 | 900 |  |  | 900 |
5.250% senior notes due August 2035 | 1,000 |  |  | — |
4.000% senior notes due June 2036 (Euro-denominated) | 761 |  |  | — |
4.400% senior notes due July 2049 | 2,000 |  |  | 2,000 |
U.S. dollar commercial paper notes | 1,238 |  |  | 221 |
Euro commercial paper notes | 1,310 |  |  | 1,239 |
Revolving credit facility | — |  |  | 115 |
Unamortized discount and deferred financing costs | (178) |  |  | (150) |
Finance lease and other financing obligations | 1,600 |  |  | 656 |
Total long-term debt | $ | 28,876 |  |  | $ | 23,730 |
Schedule of short-term debt | The following table provides a summary of the outstanding borrowings and weighted average interest rates of the Company’s foreign lines of credit and other borrowing arrangements by country:
|  | Outstanding Borrowings (in millions) |  | Weighted-Average Interest Rate
|  | September 30, 2025 |  | December 31, 2024 |  | September 30, 2025 |  | December 31, 2024
Argentina |  | $ | 482 |  |  | $ | 597 |  |  | 55.552 | % |  | 38.470 | %
Brazil |  | 297 |  |  | 94 |  |  | 15.603 | % |  | 12.976 | %
Uruguay and Other |  | 97 |  |  | 93 |  |  | 9.152 | % |  | 7.014 | %
Total |  | $ | 876 |  |  | $ | 784 |  |  | 36.887 | % |  | 31.695 | %

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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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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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