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v3.26.1

Debt (Tables) | 3 Months Ended
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Mar. 31, 2026
Debt Disclosure [Abstract] |
Components of Debt | Debt consisted of the following:
(DOLLARS IN MILLIONS) | Effective Interest Rate |  | March 31, 2026 |  | December 31, 2025
2026 Euro Notes(1) | 1.93 | % |  | $ | 925 |  |  | $ | 940 |
2027 Notes(1) | 1.56 | % |  | 803 |  |  | 804 |
2028 Notes(1) | 4.57 | % |  | 399 |  |  | 399 |
2030 Notes(1) | 2.21 | % |  | 1,238 |  |  | 1,238 |
2040 Notes(1) | 3.04 | % |  | 341 |  |  | 341 |
2047 Notes(1) | 4.44 | % |  | 392 |  |  | 392 |
2048 Notes(1) | 5.12 | % |  | 674 |  |  | 674 |
2050 Notes(1) | 3.21 | % |  | 888 |  |  | 888 |
Revolving Credit Facility(2) |  |  | — |  |  | — |
Commercial paper(3) |  |  | 154 |  |  | 314 |
Bank overdrafts and other |  |  | 3 |  |  | 4 |
Total debt |  |  | 5,817 |  |  | 5,994 |
Less: Short-term borrowings |  |  | (1,078) |  |  | (1,254) |
Total Long-term debt |  |  | $ | 4,739 |  |  | $ | 4,740 |
_______________________ (1)Amount is net of unamortized discount and debt issuance costs. (2)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. (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. 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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