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DEBT (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Details of the Company’s outstanding long-term debt, as well as the fair values, are as follows:
June 30, 2025December 31, 2024
(In millions)Carrying ValueFair ValueCarrying ValueFair Value
3.400% senior notes, net of discount and financing fees, due 2026
$399 99 %$399 98 %
5.500% senior notes, net of discount and financing fees, due 2027
497 102 %497 102 %
5.375% senior notes, net of discount and financing fees, due 2028
— — %29 99 %
3.950% senior notes, net of discount and financing fees, due 2029
448 98 %447 95 %
3.500% senior notes, net of discount and financing fees, due 2030
90 %89 %
3.500% senior notes, net of discount and financing fees, due 2030
341 96 %338 93 %
3.875% senior notes, net of discount and financing fees, due 2030
298 97 %298 94 %
5.700% senior notes, net of discount and financing fees, due 2034
790 104 %790 102 %
7.000% senior notes, net of discount and financing fees, due 2036
369 113 %369 112 %
4.300% senior notes, net of discount and financing fees, due 2047
590 81 %589 80 %
4.400% senior notes, net of discount and financing fees, due 2048
391 82 %391 80 %
5.950% senior notes, net of discount and financing fees, due 2054
683 101 %683 99 %
Various finance leases, due through 2050 (a)
308 100 %267 100 %
Total long-term debt5,116 N/A5,099 N/A
Less – current portion of finance leases and other (a)36 100 %32 100 %
Long-term debt, net of current portion$5,080 N/A$5,067 N/A
(a)The Company determined that the book value of the above noted long-term debt instruments approximates fair value.