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Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Components of Debt
Debt consisted of the following:
(DOLLARS IN MILLIONS)Effective Interest RateSeptember 30, 2025December 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 other2 2 
Total debt6,049 8,977 
Less: Short-term borrowings(1,308)(1,413)
Total Long-term debt$4,741 $7,564 
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(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.