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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Instrument [Line Items]

Components of Debt

Debt consisted of the following at December 31:

(DOLLARS IN MILLIONS)			Effective Interest Rate						2024						2023
2024 Euro Notes(1)			1.88		%				—						552
2025 Notes(1)			1.22		%				1,000						1,000
2026 Euro Notes(1)			1.93		%				827						879
2027 Notes(1)			1.56		%				1,209						1,212
2028 Notes(1)			4.57		%				398						398
2030 Notes(1)			2.21		%				1,507						1,508
2040 Notes(1)			3.04		%				771						773
2047 Notes(1)			4.44		%				495						495
2048 Notes(1)			5.12		%				787						787
2050 Notes(1)			3.21		%				1,568						1,569
2024 Term Loan Facility(1)			3.75		%				—						270
2026 Term Loan Facility(1)			5.04		%				413						625
Revolving Credit Facility(2)									—						—
Commercial Paper(3)									—						—
Bank overdrafts and other									2						3
Total debt									$	8,977					$	10,071
Less: Short term borrowings									(1,413)						(885)
Total Long-term debt									$	7,564					$	9,186

_______________________

(1)Amount is net of unamortized discount and debt issuance costs.

(2)The interest rate on the Revolving Credit Facility is, at the applicable borrower’s option, a per annum rate equal to either (x) an eurocurrency rate plus an applicable margin varying from 1.125% to 1.750% or (y) a base rate plus an applicable margin varying from 0.125% to 0.750%, in each case depending on the public debt ratings for non-credit enhanced long-term senior unsecured debt issued by the Company.

(3)The effective interest rate of commercial paper issuances fluctuates as short-term interest rates and demand fluctuate, and deferred debt issuance costs are immaterial. Additionally, the effective interest rate of commercial paper is not meaningful as issuances do not materially differ from short-term interest rates.

Debt Instrument Redemption

The redemption dates of each of the Notes are provided in the below table:

Note						Redemption Date
2026 Euro Notes						June 25, 2026
2028 Notes						June 26, 2028
2047 Notes						December 1, 2046
2048 Notes						March 26, 2048

Schedule of Maturities of Long-term Debt

The following table shows the contractual maturities of the Company’s long-term debt as of December 31, 2024.

			Payments Due by Period
(DOLLARS IN MILLIONS)			Total						Less than 1 Year						1-3 Years						3-5 Years						More than 5 Years
Total Outstanding Borrowings(1)			$	8,891					$	1,413					$	2,028					$	400					$	5,050

_______________________

(1)The difference between the payments due by period and the carrying value of debt is due to purchase accounting adjustments, debt issuances costs, and deferred financing fees.

Nutrition & Biosciences, Inc

Debt Instrument [Line Items]

Debt Instrument Redemption

The redemption dates of each of the N&B Senior Notes are provided in the table below:

Note						Redemption Date
2025 Notes						September 1, 2025
2027 Notes						August 15, 2027
2030 Notes						August 1, 2030
2040 Notes						May 15, 2040
2050 Notes						June 1, 2050

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