v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities at Fair Value
The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheet at December 31:
Total Carrying
Value in the
Consolidated
Balance Sheet		Quoted Prices in
Active Markets
for Identical
Assets/Liabilities
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
(In millions)20252024202520242025202420252024
Assets:
Investments$13 $16 $13 $16 $— $— $— $— 
Foreign Exchange Contracts6 28 — — 6 28 — — 
Total Assets at Fair Value$19 $44 $13 $16 $6 $28 $— $— 
Liabilities:
Foreign Exchange Contracts$30 $3 $— $— $30 $3 $— $— 
Total Liabilities at Fair Value$30 $3 $— $— $30 $3 $— $— 
Schedule of Supplemental Fair Value Information
The following table presents information about long term fixed rate and variable rate debt, excluding finance leases, at December 31:
(In millions)December 31,
2025		December 31,
2024
Fixed Rate Debt(1):
Carrying amount — liability$4,496 $5,367 
Fair value — liability4,422 5,076 
Variable Rate Debt(1):
Carrying amount — liability$935 $1,600 
Fair value — liability935 1,590 
(1)Excludes Notes Payable and Overdrafts of $506 million and $558 million at December 31, 2025 and 2024, respectively, of which $216 million and $241 million, respectively, are at fixed rates and $290 million and $317 million, respectively, are at variable rates. The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities.