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Debt (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of debt, net of discounts and debt issuance costs | The Company’s debt consisted of the following at:
(In millions) | June 30, 2026 |  | December 31, 2025
Short-term and current maturities of long-term debt: |  |  |
Foreign lines of credit | $ | 618 |  |  | $ | 762 |
Finance lease and other financing obligations | 589 |  |  | 477 |
Total short-term and current maturities of long-term debt | $ | 1,207 |  |  | $ | 1,239 |
Long-term debt: |  |  |
3.200% senior notes due July 2026 | $ | 2,000 |  |  | $ | 2,000 |
5.150% senior notes due March 2027 | 234 |  |  | 750 |
2.250% senior notes due June 2027 | 1,000 |  |  | 1,000 |
1.125% senior notes due July 2027 (Euro-denominated) | 569 |  |  | 589 |
5.450% senior notes due March 2028 | 900 |  |  | 900 |
2.875% senior notes due June 2028 (Euro-denominated) | 854 |  |  | 883 |
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) | 569 |  |  | 589 |
3.750% senior notes due October 2030 (Euro-denominated) | 569 |  |  | — |
4.550% senior notes due February 2031 | 1,000 |  |  | 1,000 |
5.350% senior notes due March 2031 | 500 |  |  | 500 |
4.500% senior notes due May 2031 (Euro-denominated) | 911 |  |  | 942 |
3.000% senior notes due July 2031 (British Pound-denominated) | 693 |  |  | 709 |
3.500% senior notes due June 2032 (Euro-denominated) | 882 |  |  | 912 |
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 |
4.250% senior notes due June 2034 (Euro-denominated) | 569 |  |  | — |
5.150% senior notes due August 2034 | 900 |  |  | 900 |
5.250% senior notes due August 2035 | 1,000 |  |  | 1,000 |
4.000% senior notes due June 2036 (Euro-denominated) | 740 |  |  | 765 |
4.400% senior notes due July 2049 | 1,156 |  |  | 2,000 |
U.S. dollar commercial paper notes | — |  |  | 326 |
Euro commercial paper notes | 548 |  |  | 839 |
Revolving credit facility | — |  |  | 188 |
Unamortized discount and deferred financing costs | (150) |  |  | (169) |
Fair value hedge accounting adjustments (see Note 8) | (22) |  |  | — |
Finance lease and other financing obligations | 1,757 |  |  | 1,635 |
Total long-term debt | $ | 26,679 |  |  | $ | 27,758 |
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
|  | June 30, 2026 |  | December 31, 2025 |  | June 30, 2026 |  | December 31, 2025
Argentina |  | $ | 236 |  |  | $ | 282 |  |  | 25.848 | % |  | 51.559 | %
Brazil |  | 259 |  |  | 365 |  |  | 14.700 | % |  | 15.482 | %
Uruguay and Other |  | 123 |  |  | 115 |  |  | 6.962 | % |  | 7.964 | %
Total |  | $ | 618 |  |  | $ | 762 |  |  | 17.401 | % |  | 27.727 | %

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480657/210-10-S50-8 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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