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LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following:

			Effective Interest Rate						Face Value						March 31, 2025												December 31, 2024
In millions															Book Value						Fair Value1						Book Value						Fair Value1
2024 Credit Agreement:
Term Loan			5.8		%				$	225					$	224					$	225					$	224					$	225
2022 Credit Agreement:
Revolving Credit Facility			5.7		%				N/A						—						—						—						—
Delayed Draw Term Loan			5.7		%				$	250					250						250						250						250
Senior Notes:
3.20% Senior Notes, due 2025			3.4		%				$	500					500						498						500						496
3.45% Senior Notes, due 2026			3.5		%				$	750					750						737						750						732
1.25% Senior Notes (EUR), due 2027			1.5		%				€	500					537						521						514						495
4.70% Senior Notes, due 2028			4.8		%				$	1,250					1,246						1,253						1,246						1,239
5.611% Senior Notes, due 2034			5.7		%				$	500					496						513						496						507
Other Borrowings															4						5						—						—
Total															4,007						4,002						3,980						3,944
Less: current portion															(504)						(503)						(500)						(496)
Long-term portion															$	3,503					$	3,499					$	3,480					$	3,448

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, 2025:

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						—						—						—
Current Availability						$	1,500					$	—					$	1,500

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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