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FINANCING ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
(in millions) | Maturity Dates |  | December 31, 2024 |  | December 31, 2023
Unsecured |  |  |  |  |
5.25% Notes | 2025 |  | $ | — |  |  | $ | 1,302 |
1.25% Convertible Notes | 2025 |  | 1,611 |  |  | 1,611 |
3.00% Notes | 2026 |  | 300 |  |  | 300 |
7.375% Debentures | 2027 |  | 107 |  |  | 111 |
3.45% Notes | 2027 |  | 300 |  |  | 300 |
5.125% Notes | 2027 |  | 1,727 |  |  | 1,727 |
2.625% Notes | 2030 |  | 500 |  |  | 500 |
1.000% Payroll Support Program Loan (a) | 2030 |  | 976 |  |  | 976 |
1.000% Payroll Support Program Loan (a) | 2031 |  | 566 |  |  | 566 |
1.000% Payroll Support Program Loan (a) | 2031 |  | 526 |  |  | 526 |
Finance leases |  |  | 91 |  |  | 104
|  |  | $ | 6,704 |  |  | $ | 8,023 |
Less current maturities |  |  | 1,630 |  |  | 29 |
Less debt discount and issuance costs |  |  | 5 |  |  | 16 |
|  |  | $ | 5,069 |  |  | $ | 7,978 |
(a) The interest rate will change to Secured Overnight Financing Rate plus two percent on the fifth anniversary of the loans. The fifth anniversary for the first tranche occurs in April 2025.
Schedule of Interest Income and Interest Expense Disclosure | The Company recognized interest expense associated with the Convertible Notes as follows:
(in millions) | December 31, 2024 |  | December 31, 2023
Non-cash amortization of debt issuance costs | $ | 10 |  |  | $ | 10 |
Contractual coupon interest | 20 |  |  | 20 |
Total interest expense | $ | 30 |  |  | $ | 30 |
Schedule of Maturities of Long-Term Debt | As of December 31, 2024, aggregate annual principal maturities of debt and finance leases (not including amounts associated with interest on finance leases) are as follows:
(in millions) |
2025 | $ | 1,633 |
2026 | 320 |
2027 | 2,149 |
2028 | 15 |
2029 | 9 |
Thereafter | 2,571 |
Total | $ | 6,697 |

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