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Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of debt
Presented below are our debt carrying amounts, net of related discounts, premiums and debt issuance costs and fair values as of December 31, 2024 and 2023:
20242023
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
2.900% senior notes due June 1, 2030
$597 $540 $596 $536 
3.200% senior notes due October 1, 2026
499 486 499 479 
3.900% senior notes due June 1, 2050
391 292 391 300 
6.625% senior notes due April 15, 2037
253 268 253 275 
Revolving credit agreement— — — — 
Other long-term borrowings47 47 
Total long-term debt1,787 1,633 1,740 1,591 
Commercial paper— — 327 327 
Other short-term borrowings44 44 121 121 
Total short-term borrowings44 44 448 448 
Total debt$1,831 $1,677 $2,188 $2,039