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Long-Term Debt and Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long -Term Debt and Short-Term Debt

Carrying value includes the impact of debt issuance costs. Long-term debt and short-term borrowings as of September 30, 2025 and December 31, 2024 consisted of the following:

(Millions)						Currency/ Fixed vs. Floating						Effective Interest Rate						Final Maturity Date						Carrying Value
Description																								September 30, 2025						December 31, 2024
Eighteen month senior term loan credit facility						USD Floating						—		%				2025						$	—					$	200
Three year senior term loan credit facility						USD Floating						5.53						2027						210						979
$1 billion 5.45 percent three year senior notes						USD Fixed						5.36						2027						349						995
$1.5 billion 5.40 percent five year senior notes						USD Fixed						5.23						2029						698						1,487
$1 billion 5.45 percent seven year senior notes						USD Fixed						5.22						2031						991						990
$1.65 billion 5.60 percent ten year senior notes						USD Fixed						5.39						2034						1,637						1,636
$1.25 billion 5.90 percent thirty year senior notes						USD Fixed						5.76						2054						1,210						1,231
$500 million 6.00 percent forty year senior notes						USD Fixed						5.89						2064						42						492
Total long-term debt																								5,137						8,010
Less: current portion of long-term debt																								—						200
Long-term debt (excluding current portion)																								$	5,137					$	7,810

Schedule of Maturities of Long-Term Debt

The maturities of long-term debt for the periods subsequent to September 30, 2025 are as follows (in millions):

Remainder of 2025						2026						2027						2028						2029						2030						After 2030						Total
$	—					$	—					$	560					$	—					$	703					$	—					$	3,920					$	5,183

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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.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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