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DEBT (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Total debt, including long-term and current maturities, consisted of the following (in millions of dollars):
As of
March 31, 2026
December 31, 2025
Carrying ValueFair Value Carrying ValueFair Value
4.60% senior notes due 2045
$1,000 $890 $1,000 $904 
4.45% senior notes due 2034
500 493 500 496 
3.75% senior notes due 2046
400 331 400 338 
4.20% senior notes due 2047
400 311 400 317 
Japanese Yen term loans129 129 83 83 
Debt issuance costs – net of amortization and other(20)(20)(21)(21)
Long-term debt2,409 2,134 2,362 2,117 
Commercial paper and other126 126 
Current maturities126 126 
Total debt$2,411 $2,136 $2,488 $2,243