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- Definition

Long-Term Debt, Gross, Excluding Current Maturities

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- Definition

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Long-term Debt, Principal Outstanding [Abstract]

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

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Contractual interest rate for funds borrowed, under the debt agreement.

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Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as current. Excludes lease obligation.

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Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation.

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Weighted average interest rate of long-term debt outstanding calculated at point in time.

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Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.

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Debt - Schedule of Outstanding Debt (Details) $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2024 EUR (€)	Aug. 31, 2024 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)
Principal outstanding
Short-term debt	$ 66			$ 16
Total long-term debt	6,171			7,496
Less: current maturities	(80)			(759)
Total long-term debt, less current maturities	6,091			6,737
Carrying amount
Short-term debt	66			16
Total long-term debt	6,138			7,458
Less: current maturities	(80)			(759)
Total long-term debt, less current maturities	6,058			6,699
Secured Secured Borrowings \| U.S. dollar due 2027
Principal outstanding
Total long-term debt	1,175			1,575
Carrying amount
Total long-term debt	1,171			1,569
Secured Secured Borrowings \| Euro due 2027
Principal outstanding
Total long-term debt	538			589
Carrying amount
Total long-term debt	538			589
Debt instrument, face amount \| €		€ 520,000,000			€ 533,000,000
Senior Notes and Debentures \| €600 at 2.625% due 2024
Principal outstanding
Total long-term debt	0			663
Carrying amount
Total long-term debt	$ 0			662
Debt instrument, face amount \| €		€ 600,000,000	€ 600,000,000
Debt instrument stated percentage	2.625%	2.625%	2.625%
Senior Notes and Debentures \| €600 at 3.375% due 2025
Principal outstanding
Total long-term debt	$ 0			663
Carrying amount
Total long-term debt	$ 0			662
Debt instrument, face amount \| €		€ 600,000,000
Debt instrument stated percentage	3.375%	3.375%
Senior Notes and Debentures \| U.S. dollar at 4.25% due 2026
Principal outstanding
Total long-term debt	$ 400			400
Carrying amount
Total long-term debt	$ 399			398
Debt instrument stated percentage	4.25%	4.25%
Senior Notes and Debentures \| U.S. dollar at 4.75% due 2026
Principal outstanding
Total long-term debt	$ 875			875
Carrying amount
Total long-term debt	$ 873			871
Debt instrument stated percentage	4.75%	4.75%
Senior Notes and Debentures \| U.S. dollar at 7.375% due 2026
Principal outstanding
Total long-term debt	$ 350			350
Carrying amount
Total long-term debt	$ 350			350
Debt instrument stated percentage	7.375%	7.375%
Senior Notes and Debentures \| €500 at 2.875% due 2026
Principal outstanding
Total long-term debt	$ 518			552
Carrying amount
Total long-term debt	$ 517			550
Debt instrument, face amount \| €		€ 500,000,000
Debt instrument stated percentage	2.875%	2.875%
Senior Notes and Debentures \| €500 at 5.00% due 2028
Principal outstanding
Total long-term debt	$ 518			552
Carrying amount
Total long-term debt	$ 513			544
Debt instrument, face amount \| €		€ 500,000,000
Debt instrument stated percentage	5.00%	5.00%
Senior Notes and Debentures \| €500 at 4.75% due 2029
Principal outstanding
Total long-term debt	$ 518			552
Carrying amount
Total long-term debt	$ 513			544
Debt instrument, face amount \| €		€ 500,000,000
Debt instrument stated percentage	4.75%	4.75%
Senior Notes and Debentures \| €600 at 4.50% due 2030
Principal outstanding
Total long-term debt	$ 621			0
Carrying amount
Total long-term debt	$ 611			0
Debt instrument, face amount \| €		€ 600,000,000	€ 600,000,000
Debt instrument stated percentage	4.50%	4.50%	4.50%
Senior Notes and Debentures \| U.S. dollar at 5.25% due 2030
Principal outstanding
Total long-term debt	$ 500			500
Carrying amount
Total long-term debt	$ 495			494
Debt instrument stated percentage	5.25%	5.25%
Senior Notes and Debentures \| U.S. dollar at 7.50% due 2096
Principal outstanding
Total long-term debt	$ 40			40
Carrying amount
Total long-term debt	$ 40			40
Debt instrument stated percentage	7.50%	7.50%
Other Indebtedness, Fixed Rate
Principal outstanding
Total long-term debt	$ 108			169
Carrying amount
Total long-term debt	$ 108			169
Other Indebtedness, Fixed Rate \| Minimum
Carrying amount
Debt instrument stated percentage	2.80%	2.80%
Other Indebtedness, Fixed Rate \| Maximum
Carrying amount
Debt instrument stated percentage	7.60%	7.60%
Other Indebtedness, Variable Rate
Principal outstanding
Total long-term debt	$ 10			16
Carrying amount
Total long-term debt	$ 10			16
Average variable rates	3.60%	3.60%
Revolving credit facilities \| Line of credit
Principal outstanding
Total long-term debt	$ 0			0
Carrying amount
Total long-term debt	$ 0			$ 0