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Debt

9 Months Ended

Sep. 30, 2025

Note 10 — Debt

Current debt consists of the following:


	September 30, 2025		December 31, 2024
4.400% senior notes due 2026	$	550	$	—
	$	550	$	—

Long-term debt consists of the following:


	September 30, 2025		December 31, 2024
Revolving $1.5 billion credit facility (i)	$	—	$	—
4.400% senior notes due 2026		—		549
4.650% senior notes due 2027		748		746
4.500% senior notes due 2028		598		598
2.950% senior notes due 2029		725		725
5.350% senior notes due 2033		743		742
6.125% senior notes due 2043		272		272
5.050% senior notes due 2048		396		396
3.875% senior notes due 2049		543		543
5.900% senior notes due 2054		738		738
	$	4,763	$	5,309

(i)

The Company’s new $1.5 billion revolving credit facility expires on October 17, 2030 (see Note 20 — Subsequent Event for further information).

At September 30, 2025 and December 31, 2024, we were in compliance with all financial covenants.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details