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v3.25.1

Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | Debt is comprised of the following at the dates indicated (in millions):
| March 31, 2025 |  | December 31, 2024
3.900% senior notes due 2025 (1) | $ | 47 |  |  | $ | 47 |
4.200% senior notes due 2026 | 1,234 |  |  | 1,233 |
6.375% senior notes due 2027 | 491 |  |  | 486 |
6.625% senior notes due 2029 | 485 |  |  | 477 |
6.375% senior notes due 2030 | 742 |  | 741
6.625% senior notes due 2032 | 494 |  |  | 494 |
5.375% senior notes due 2036 | 417 |  |  | 417 |
5.500% senior notes due 2046 | 658 |  |  | 658 |
Revolving credit facility (1) | 350 |  |  | 40 |
Other debt | 2 |  |  | 2 |
Total debt | 4,920 |  |  | 4,595 |
Short-term debt and current portion of long-term debt | (397) |  |  | (87) |
Long-term debt | $ | 4,523 |  |  | $ | 4,508 |
(1)Included in short-term debt and current portion of long-term debt at March 31, 2025 and December 31, 2024. Weighted average interest rates are as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Total debt |  |  |  |  | 6.0 | % |  | 5.6 | %
Short-term debt |  |  |  |  | 7.1 | % |  | 8.3 | %
Schedule of Fair Value of Senior Notes | The fair value of the Company’s senior notes are based upon prices of similar instruments in the marketplace and are as follows (in millions):
| March 31, 2025 |  | December 31, 2024
| Fair Value |  | Book Value |  | Fair Value |  | Book Value
Senior notes | $ | 4,506 |  |  | $ | 4,568 |  |  | $ | 4,624 |  |  | $ | 4,553 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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