DEBT (Tables)

6 Months Ended

Jun. 30, 2026

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.