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Debt (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
Debt is comprised of the following at the dates indicated (in millions):
September 30, 2025December 31, 2024
3.900% senior notes due 2025 (1)
$47 $47 
4.200% senior notes due 2026
— 1,233 
6.375% senior notes due 2027
495 486 
8.500% senior notes due 2028
1,238 — 
6.625% senior notes due 2029
492 477 
6.375% senior notes due 2030
743741
6.625% senior notes due 2032
495 494 
5.375% senior notes due 2036
417 417 
5.500% senior notes due 2046
658 658 
Revolving credit facility (1)
190 40 
Other debt
Total debt
4,777 4,595 
Short-term debt and current portion of long-term debt(237)(87)
Long-term debt$4,540 $4,508 
(1)Included in short-term debt and current portion of long-term debt at September 30, 2025 and December 31, 2024.
Weighted average interest rates are as follows:
Three Months Ended
September 30,
Nine Months Ended
 September 30,
2025202420252024
Total debt6.6 %5.8 %6.3 %5.8 %
Short-term debt6.8 %7.9 %6.8 %7.8 %
Schedule of Fair Value of Debt
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):
September 30, 2025December 31, 2024
Fair ValueBook ValueFair ValueBook Value
Senior notes$4,636 $4,585 $4,624 $4,553