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Debt | 3 Months Ended
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Mar. 31, 2026
Debt Disclosure [Abstract] |
Debt | Debt Debt consists of the following ($ in millions):
| March 31, 2026 |  | December 31, 2025
$2,500 million 4.25% Senior Notes due December 15, 2027 | $ | 1,185 |  |  | $ | 2,211 |
$2,300 million 2.45% Senior Notes due July 15, 2028 | 2,301 |  |  | 2,302 |
$3,500 million 4.625% Senior Notes due December 15, 2029 | 3,277 |  |  | 3,277 |
$2,000 million 3.375% Senior Notes due February 15, 2030 | 2,000 |  |  | 2,000 |
$2,200 million 3.00% Senior Notes due October 15, 2030 | 2,200 |  |  | 2,200 |
$2,200 million 2.50% Senior Notes due March 1, 2031 | 2,200 |  |  | 2,200 |
$1,300 million 2.625% Senior Notes due August 1, 2031 | 1,300 |  |  | 1,300 |
Total senior notes | 14,463 |  |  | 15,490 |
Term Loan Facility | 1,988 |  |  | 2,000 |
Debt issuance costs | (80) |  |  | (89) |
Total debt | 16,371 |  |  | 17,401 |
Less: current portion | (63) |  |  | (50) |
Long-term debt | $ | 16,308 |  |  | $ | 17,351 |
Senior Notes During the three months ended March 31, 2026, the Company repurchased $1,029 million of its par value Senior Notes due 2027 through the Company's senior note debt repurchase program. The Company recognized a $5 million pre-tax loss on the repurchase of the notes, including the impact of unamortized debt discount and issuance costs. Senior Note Debt Repurchase Program In June 2022, the Company's Board of Directors authorized a $1,000 million senior note debt repurchase program in preparation for future debt reductions as part of the Company's strategic initiatives. In February 2026, the Company's Board of Directors authorized an increase under the program of $1,000 million. With this increase, as of February 2026, there was $1,484 million available under the senior note debt repurchase program. During the three months ended March 31, 2026, the Company repurchased $1,029 million of its par value Senior Notes due 2027, as described above. As of March 31, 2026, there was $484 million available under the senior note debt repurchase program.

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- 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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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