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v3.26.1

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt |
| June 30, 2026 |  | December 31, 2025
| Principal |  | Carrying |  | Principal |  | Carrying
| outstanding |  | amount |  | outstanding |  | amount
Short-term debt | $ | 44 |  |  | $ | 44 |  |  | $ | 83 |  |  | $ | 83 |
Long-term debt |  |  |  |  |  |  |
Senior secured borrowings: |  |  |  |  |  |  |
Revolving credit facilities | 105 |  | 105 |  | — |  |  | — |
Term loan facilities |  |  |  |  |  |  |
U.S. dollar due 2031 | 1,175 |  | 1,170 |  | 1,175 |  | 1,173
Euro due 2031 1 | 571 |  | 569 |  | 587 |  | 587
Senior notes and debentures: |  |  |  |  |  |  |
U.S. dollar at 4.25% due 2026 | 400 |  | 400 |  | 400 |  | 400
€500 at 5.00% due 2028 | 571 |  |  | 567 |  |  | 587 |  | 583
€500 at 4.75% due 2029 | 571 |  |  | 566 |  |  | 587 |  | 582
€600 at 4.50% due 2030 | 685 |  |  | 679 |  |  | 705 |  | 697
U.S. dollar at 5.25% due 2030 | 500 |  |  | 497 |  |  | 500 |  | 496
€500 at 3.750% due 2031 | 571 |  |  | 563 |  |  | 587 |  | 578
U.S. dollar at 5.875% due 2033 | 700 |  |  | 692 |  |  | 700 |  | 691
U.S. dollar at 7.50% due 2096 | 40 |  |  | 40 |  |  | 40 |  | 40
Other indebtedness in various currencies | 170 |  | 170 |  | 54 |  | 54
Total long-term debt | 6,059 |  |  | 6,018 |  |  | 5,922 |  |  | 5,881 |
Less current maturities | (519) |  |  | (519) |  |  | (480) |  |  | (480) |
Total long-term debt, less current maturities | $ | 5,540 |  |  | $ | 5,499 |  |  | $ | 5,442 |  |  | $ | 5,401 |
(1) €500 at June 30, 2026 and December 31, 2025

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