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v3.26.1

DEBT (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Debt | Our debt consists of the following:
| At |  |  | At
| June 30, 2026 |  |  | December 31, 2025
4.0% Senior Notes due 2026 |  | $— |  |  |  |  | $347 |
3.70% Senior Notes due 2026 |  | 86 |  |  |  |  | 85 |
2.90% Senior Notes due 2027 |  | 578 |  |  |  |  | 573 |
3.375% Senior Notes due 2028 |  | 490 |  |  |  |  | 487 |
3.70% Senior Notes due 2028 |  | 492 |  |  |  |  | 489 |
4.20% Senior Notes due 2029 |  | 491 |  |  |  |  | 489 |
7.875% Senior Debentures due 2030 |  | 905 |  |  |  |  | 915 |
4.95% Senior Notes due 2031 |  | 1,224 |  |  |  |  | 1,221 |
4.20% Senior Notes due 2032 |  | 927 |  |  |  |  | 921 |
5.50% Senior Debentures due 2033 |  | 418 |  |  |  |  | 417 |
4.85% Senior Debentures due 2034 |  | 76 |  |  |  |  | 76 |
6.875% Senior Debentures due 2036 |  | 1,117 |  |  |  |  | 1,119 |
6.75% Senior Debentures due 2037 |  | 75 |  |  |  |  | 75 |
5.90% Senior Notes due 2040 |  | 273 |  |  |  |  | 272 |
4.50% Senior Debentures due 2042 |  | 34 |  |  |  |  | 34 |
4.85% Senior Notes due 2042 |  | 404 |  |  |  |  | 400 |
4.375% Senior Debentures due 2043 |  | 1,090 |  |  |  |  | 1,079 |
4.875% Senior Debentures due 2043 |  | 14 |  |  |  |  | 14 |
5.85% Senior Debentures due 2043 |  | 1,107 |  |  |  |  | 1,103 |
5.25% Senior Debentures due 2044 |  | 277 |  |  |  |  | 275 |
4.90% Senior Notes due 2044 |  | 435 |  |  |  |  | 432 |
4.60% Senior Notes due 2045 |  | 456 |  |  |  |  | 452 |
4.95% Senior Notes due 2050 |  | 768 |  |  |  |  | 763 |
6.25% Junior Subordinated Debentures due 2057 |  | 628 |  |  |  |  | 628 |
6.375% Junior Subordinated Debentures due 2062 |  | 989 |  |  |  |  | 989 |
Borrowings under credit facility |  | 1,800 |  |  |  |  | — |
Obligations under finance leases |  | 2 |  |  |  |  | 3 |
Total debt (a) |  | 15,156 |  |  |  |  | 13,658 |
Less current portion |  | 665 |  |  |  |  | 433 |
Total long-term debt, net of current portion |  | $14,491 |  |  |  |  | $13,225 |
(a) At June 30, 2026 and December 31, 2025, our total senior and junior debt was net of unamortized fair value adjustments of $1.28 billion and $1.32 billion, respectively, recorded in connection with the pushdown of the Ultimate Parent’s basis (see Note 2). The face value of our total debt at June 30, 2026 and December 31, 2025 was $16.43 billion (including credit facility borrowings discussed below) and $14.98 billion, respectively.

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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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