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Long-Term Obligations (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule Of Long-Term Obligations | Long-term obligations consist of the following (in millions):
|  |  |  | December 31, 2024 |  | December 31, 2023
|  | Maturity Date |  | Interest Rate |  | Amount |  | Interest Rate |  | Amount
Senior Unsecured Credit Agreement: |  |  |  |  |  |  |  |  |  |
Term loan payable |  | January 2026 |  | 5.83 | % |  | $ | 500 |  |  | 6.83 | % |  | $ | 500 |
Revolving credit facilities |  | January 2028 |  | 5.86 | % | (1) | 664 |  |  | 6.25 | % | (1) | 914 |
Senior Unsecured Term Loan Agreement: |  |  |  |  |  |  |  |  |  |
Term loan payable |  | July 2026 |  | 4.98 | % |  | 487 |  |  | 6.82 | % |  | 529 |
Unsecured Senior Notes: |  |  |  |  |  |  |  |  |  |
U.S. Notes (2028) |  | June 2028 |  | 5.75 | % |  | 800 |  |  | 5.75 | % |  | 800 |
U.S. Notes (2033) |  | June 2033 |  | 6.25 | % |  | 600 |  |  | 6.25 | % |  | 600 |
Euro Notes (2024) |  | April 2024 |  | — | % |  | — |  |  | 3.88 | % |  | 552 |
Euro Notes (2028) |  | April 2028 |  | 4.13 | % |  | 259 |  |  | 4.13 | % |  | 276 |
Euro Notes (2031) |  | March 2031 |  | 4.13 | % |  | 777 |  |  | — | % |  | — |
Notes payable |  | Various through October 2030 |  | 3.07 | % | (1) | 10 |  |  | 3.85 | % | (1) | 16 |
Finance lease obligations |  |  |  | 5.06 | % | (1) | 100 |  |  | 4.83 | % | (1) | 83 |
Other debt |  |  |  | 4.58 | % | (1) | 1 |  |  | 2.16 | % | (1) | 11 |
Total debt |  |  |  |  |  | 4,198 |  |  |  |  | 4,281 |
Less: long-term debt issuance costs and unamortized bond discounts |  | (33) |  |  |  |  | (30) |
Total debt, net of debt issuance costs and unamortized bond discounts |  | 4,165 |  |  |  |  | 4,251 |
Less: current maturities, net of debt issuance costs |  | (38) |  |  |  |  | (596) |
Long-term debt, net of debt issuance costs and unamortized bond discounts |  | $ | 4,127 |  |  |  |  | $ | 3,655 |
(1) Interest rate derived via a weighted average
Schedule of Maturities of Long-term Debt | The scheduled maturities of long-term obligations outstanding at December 31, 2024 are as follows (in millions):
| Amount
2025 (1) | $ | 38 |
2026 | 1,012 |
2027 | 17 |
2028 | 1,733 |
2029 | 5 |
Thereafter | 1,393 |
Total debt (2) | $ | 4,198 |
(1)Long-term obligations maturing by December 31, 2025 include $1 million of short-term debt that may be extended beyond the current year ending December 31, 2025. (2)The total debt amounts presented above reflect the gross values to be repaid (excluding debt issuance costs and unamortized bond discounts of $33 million as of December 31, 2024).

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