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Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt

Debt consists of (in millions):

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

$1.1 billion in Senior Notes, interest at 3.95% payable
   semiannually, principal due on
December 1, 2042

 

$

1,091

 

 

$

1,091

 

$0.5 billion in Senior Notes, interest at 3.60% payable
   semiannually, principal due on
December 1, 2029

 

 

497

 

 

 

496

 

Other debt

 

 

140

 

 

 

153

 

Total debt

 

 

1,728

 

 

 

1,740

 

Less current portion

 

 

38

 

 

 

37

 

Long-term debt

 

$

1,690

 

 

$

1,703