XML 77 R61.htm IDEA: XBRL DOCUMENT v3.25.2
Debt - Schedule of Outstanding Debt (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Jun. 30, 2025
EUR (€)
May 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Principal outstanding          
Short-term debt $ 201     $ 66  
Total long-term debt 6,327     6,171  
Less current maturities (672)     (80)  
Total long-term debt, less current maturities 5,655     6,091  
Carrying amount          
Total long-term debt 6,289     6,138  
Less current maturities (671)     (80)  
Total long-term debt, less current maturities 5,618     6,058  
Line of Credit | Revolving Credit Facility          
Principal outstanding          
Total long-term debt 0     0  
Carrying amount          
Total long-term debt 0     0  
Senior Secured Borrowings | U.S. dollar due 2027          
Principal outstanding          
Total long-term debt 1,175     1,175  
Carrying amount          
Total long-term debt 1,173     1,171  
Senior Secured Borrowings | Euro due 2027          
Principal outstanding          
Total long-term debt 604     538  
Carrying amount          
Total long-term debt 604     538  
Debt, face amount | €   € 513,000,000     € 520,000,000
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     399  
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 $ 0     875  
Carrying amount          
Total long-term debt $ 0     873  
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 $ 589     518  
Carrying amount          
Total long-term debt $ 588     517  
Debt, 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 $ 589     518  
Carrying amount          
Total long-term debt $ 584     513  
Debt, 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 $ 589     518  
Carrying amount          
Total long-term debt $ 583     513  
Debt, 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 $ 707     621  
Carrying amount          
Total long-term debt $ 698     611  
Debt, face amount | €   € 600,000,000      
Debt instrument, stated percentage 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 $ 496     495  
Debt instrument, stated percentage 5.25% 5.25%      
Senior Notes and Debentures | U.S. dollar at 5.875% due 2033          
Principal outstanding          
Total long-term debt $ 700     0  
Carrying amount          
Total long-term debt $ 690     0  
Debt, face amount     $ 700    
Debt instrument, stated percentage 5.875% 5.875% 5.875%    
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 $ 84     118  
Carrying amount          
Total long-term debt $ 84     $ 118