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Long-Term Obligations (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule Of Long-Term Obligations
Long-term obligations consist of the following (in millions):
December 31, 2024December 31, 2023
Maturity DateInterest RateAmountInterest RateAmount
Senior Unsecured Credit Agreement:
Term loan payableJanuary 20265.83 %$500 6.83 %$500 
Revolving credit facilitiesJanuary 20285.86 %
(1)
664 6.25 %
(1)
914 
Senior Unsecured Term Loan Agreement:
Term loan payableJuly 20264.98 %487 6.82 %529 
Unsecured Senior Notes:
U.S. Notes (2028)June 20285.75 %800 5.75 %800 
U.S. Notes (2033)June 20336.25 %600 6.25 %600 
Euro Notes (2024)April 2024— %— 3.88 %552 
Euro Notes (2028)April 20284.13 %259 4.13 %276 
Euro Notes (2031)March 20314.13 %777 — %— 
Notes payableVarious through October 20303.07 %
(1)
10 3.85 %
(1)
16 
Finance lease obligations5.06 %
(1)
100 4.83 %
(1)
83 
Other debt4.58 %
(1)
2.16 %
(1)
11 
Total debt4,198 4,281 
Less: long-term debt issuance costs and unamortized bond discounts(33)(30)
Total debt, net of debt issuance costs and unamortized bond discounts4,165 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 
20261,012 
202717 
20281,733 
2029
Thereafter1,393 
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).