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v3.25.3

Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Components of Debt | Debt consisted of the following:
(DOLLARS IN MILLIONS) | Effective Interest Rate |  | September 30, 2025 |  | December 31, 2024
2025 Notes(1)(2) | 1.22 | % |  | $ | — |  |  | $ | 1,000 |
2026 Euro Notes(1) | 1.93 | % |  | 938 |  |  | 827 |
2027 Notes(1)(2) | 1.56 | % |  | 805 |  |  | 1,209 |
2028 Notes(1) | 4.57 | % |  | 399 |  |  | 398 |
2030 Notes(1)(2) | 2.21 | % |  | 1,239 |  |  | 1,507 |
2040 Notes(1)(2) | 3.04 | % |  | 342 |  |  | 771 |
2047 Notes(1)(2) | 4.44 | % |  | 392 |  |  | 495 |
2048 Notes(1)(2) | 5.12 | % |  | 674 |  |  | 787 |
2050 Notes(1)(2) | 3.21 | % |  | 888 |  |  | 1,568 |
2026 Term Loan Facility(1) | 4.88 | % |  | — |  |  | 413 |
Revolving Credit Facility(3) |  |  | — |  |  | — |
Commercial paper(4) |  |  | 370 |  |  | — |
Bank overdrafts and other |  |  | 2 |  |  | 2 |
Total debt |  |  | 6,049 |  |  | 8,977 |
Less: Short-term borrowings |  |  | (1,308) |  |  | (1,413) |
Total Long-term debt |  |  | $ | 4,741 |  |  | $ | 7,564 |
_______________________ (1)Amount is net of unamortized discount and debt issuance costs. (2)Included in the tender offers described below. (3)Borrowings under the Revolving Credit Facility are subject to interest at varying spreads above quoted market rates and a commitment fee is paid on the total unused borrowings. (4)The effective interest rate of commercial paper issuances fluctuates as short-term interest rates and demand fluctuate, and deferred debt issuance costs are immaterial. Refer to “Commercial Paper” below.

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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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