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v3.25.3

Long-Term Debt and Short-Term Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt and short-term borrowings consist of the following (dollars in millions):
| September 30, 2025 |  | December 31, 2024
Long-Term Debt |  |  |
Senior term loans due in 2028 | $ | 1,342 |  |  | $ | 720 |
5.950% senior notes due in 2034 | 1,000 |  |  | 1,000 |
4.875% senior notes due in 2026 | — |  |  | 600 |
4.800% senior notes due in 2030 | 600 |  |  | — |
5.500% senior notes due in 2035 | 500 |  |  | — |
5.500% senior notes due in 2029 | 500 |  |  | 500 |
2.500% senior notes due in 2031 | 500 |  |  | 500 |
Other | 4 |  |  | — |
Total long-term debt | 4,446 |  |  | 3,320 |
Less: current maturities of long-term debt | 71 |  |  | 36 |
Less: unamortized discount | 43 |  |  | 30 |
Less: unamortized debt issuance costs | 11 |  |  | 9 |
Total long-term debt, net of current maturities | $ | 4,321 |  |  | $ | 3,245 |
Short-Term Borrowings |  |  |
Warehouse lines of credit | $ | 1,624 |  |  | $ | 552 |
Commercial paper program | 1,085 |  |  | 175 |
Revolving credit facilities | — |  |  | 132 |
Other | 5 |  |  | 47 |
Total short-term borrowings | $ | 2,714 |  |  | $ | 906 |

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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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