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LONG-TERM DEBT (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Long-term debt consisted of the following:
| Effective Interest Rate |  | Face Value |  | March 31, 2024 |  | December 31, 2023
In millions |  |  | Book Value |  | Fair Value 1 |  | Book Value |  | Fair Value 1
2024 Credit Agreement: |  |  |  |  |  |  |  |  |  |  |
Term Loan | 6.9 | % |  | $ | 225 |  |  | $ | 224 |  |  | $ | 225 |  |  | $ | — |  |  | $ | — |
2022 Credit Agreement: |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | 8.5 | % |  | N/A |  | — |  |  | — |  |  | — |  |  | — |
Delayed Draw Term Loan | 6.8 | % |  | $ | 250 |  |  | 250 |  |  | 250 |  |  | 250 |  |  | 250 |
Senior Notes: |  |  |  |  |  |  |  |  |  |  |
4.15% Senior Notes, due 2024 | — | % |  | $ | — |  |  | — |  |  | — |  |  | 725 |  |  | 722 |
3.20% Senior Notes, due 2025 | 3.4 | % |  | $ | 500 |  |  | 499 |  |  | 486 |  |  | 499 |  |  | 484 |
3.45% Senior Notes, due 2026 | 3.5 | % |  | $ | 750 |  |  | 749 |  |  | 717 |  |  | 749 |  |  | 718 |
1.25% Senior Notes (EUR), due 2027 | 1.5 | % |  | € | 500 |  |  | 536 |  |  | 499 |  |  | 547 |  |  | 509 |
4.70% Senior Notes, due 2028 | 4.8 | % |  | $ | 1,250 |  |  | 1,245 |  |  | 1,230 |  |  | 1,245 |  |  | 1,237 |
5.611% Senior Notes, due 2034 | 5.7 | % |  | $ | 500 |  |  | 495 |  |  | 507 |  |  | — |  |  | — |
Other Borrowings |  |  |  |  | 2 |  |  | 4 |  |  | 54 |  |  | 57 |
Total |  |  |  |  | 4,000 |  |  | 3,918 |  |  | 4,069 |  |  | 3,977 |
Less: current portion |  |  |  |  | (3) |  |  | (4) |  |  | (781) |  |  | (779) |
Long-term portion |  |  |  |  | $ | 3,997 |  |  | $ | 3,914 |  |  | $ | 3,288 |  |  | $ | 3,198 |
1. See Note 13 for information on the fair value measurement of the Company's long-term debt.
Schedule of Line of Credit Facilities | The following table presents availability under the 2022 Credit Agreement at March 31, 2024:
In millions |  | Revolving Credit Facility |  | Delayed Draw Term Loan |  | Total
Maximum Availability |  | $ | 1,500 |  |  | $ | 250 |  |  | $ | 1,750 |
Outstanding Borrowings |  | — |  |  | (250) |  |  | (250) |
Letters of Credit Under Credit Agreement |  | (1) |  |  | — |  |  | (1) |
Current Availability |  | $ | 1,499 |  |  | $ | — |  |  | $ | 1,499 |

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