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v3.25.2

Fair Value Measurements (Details) - USD ($) $ in Millions | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Assets: |  |
Investments | $ 16 | $ 16
Foreign Exchange Contracts | 5 | 28
Total Assets at Fair Value | 21 | 44
Liabilities: |  |
Foreign Exchange Contracts | 55 | 3
Total Liabilities at Fair Value | 55 | 3
Supplemental Fair Value Information |  |
Carrying amount — liability | 7,072 | 6,963
Notes Payable and Overdrafts (Note 9) | 499 | 558
Fixed Rate Debt, Excluding Capital Leases |  |
Supplemental Fair Value Information |  |
Carrying amount — liability | 5,027 | 5,367
Fair value — liability | 4,933 | 5,076
Notes Payable and Overdrafts (Note 9) | 190 | 241
Variable Rate Debt, Excluding Capital Leases |  |
Supplemental Fair Value Information |  |
Carrying amount — liability | 2,045 | 1,600
Fair value — liability | 2,013 | 1,590
Notes Payable and Overdrafts (Note 9) | 309 | 317
Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  |
Assets: |  |
Investments | 16 | 16
Foreign Exchange Contracts | 0 | 0
Total Assets at Fair Value | 16 | 16
Liabilities: |  |
Foreign Exchange Contracts | 0 | 0
Total Liabilities at Fair Value | 0 | 0
Supplemental Fair Value Information |  |
Fair value — liability | 4,766 | 4,921
Significant Other Observable Inputs (Level 2) |  |
Assets: |  |
Investments | 0 | 0
Foreign Exchange Contracts | 5 | 28
Total Assets at Fair Value | 5 | 28
Liabilities: |  |
Foreign Exchange Contracts | 55 | 3
Total Liabilities at Fair Value | 55 | 3
Significant Unobservable Inputs (Level 3) |  |
Assets: |  |
Investments | 0 | 0
Foreign Exchange Contracts | 0 | 0
Total Assets at Fair Value | 0 | 0
Liabilities: |  |
Foreign Exchange Contracts | 0 | 0
Total Liabilities at Fair Value | $ 0 | $ 0

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