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v3.25.3

Debt - Holding Company Debt (Details) - USD ($) $ in Millions |  | 9 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 05, 2025 | Sep. 30, 2025 | Sep. 30, 2024 | Aug. 31, 2025 | Dec. 31, 2024
Debt Instrument |  |  |  |  |
Debt |  | $ 6,688 |  |  | $ 6,809
Total cash paid |  | 46 | $ 168 |  |
Revolving credit facility |  |  |  |  |
Debt Instrument |  |  |  |  |
Total availability under credit agreement |  | 366 |  |  |
Letter of Credit |  |  |  |  |
Debt Instrument |  |  |  |  |
Total availability under credit agreement |  | 25 |  |  |
Holding Company Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | 4,663 |  |  | 4,699
Energy |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | 1,841 |  |  | 1,919
Automotive Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | 22 |  |  | 31
Food Packaging Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | 140 |  |  | 144
Real Estate Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | 1 |  |  | 1
Home Fashion Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | 21 |  |  | 15
Reporting Segments |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | 2,025 |  |  | 2,110
6.250% senior unsecured notes due 2026 | Holding Company Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | $ 240 |  |  | $ 719
Interest rate on debt instrument (in percent) | 6.25% | 6.25% |  |  | 6.25%
Principal amount repaid | $ 500 |  |  |  |
5.250% senior unsecured notes due 2027 | Holding Company Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | $ 1,384 |  |  | $ 1,384
Interest rate on debt instrument (in percent) |  | 5.25% |  |  | 5.25%
4.375% senior unsecured notes due 2029 | Holding Company Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | $ 656 |  |  | $ 656
Interest rate on debt instrument (in percent) |  | 4.375% |  |  | 4.375%
9.750% senior unsecured notes due 2029 | Holding Company Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | $ 698 |  |  | $ 698
Interest rate on debt instrument (in percent) |  | 9.75% |  |  | 9.75%
10.000% senior notes due 2029 | Holding Company Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | $ 988 |  |  | $ 495
Debt face amount |  |  |  | $ 500 |
Interest rate on debt instrument (in percent) |  | 10.00% |  | 10.00% | 10.00%
9.000% senior unsecured notes due 2030 | Holding Company Segment |  |  |  |  |
Debt Instrument |  |  |  |  |
Debt |  | $ 697 |  |  | $ 747
Interest rate on debt instrument (in percent) |  | 9.00% |  |  | 9.00%
Aggregate principal amount |  | $ 50 |  |  |
Total cash paid |  | 46 |  |  |
Loss on extinguishment of debt |  | 3 |  |  |
Senior secured term loan | Energy |  |  |  |  |
Debt Instrument |  |  |  |  |
Principal amount repaid |  | 90 |  |  |
Senior secured term loan | Energy | Maximum |  |  |  |  |
Debt Instrument |  |  |  |  |
Loss on extinguishment of debt |  | $ (2) |  |  |

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- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481573/470-10-45-13 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481573/470-10-45-14 + Details
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