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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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