v3.25.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt |
Long-term Debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 |
Secured Credit Agreement: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revolving Credit Facility: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revolving Loans | ​ | $ | — | ​ | $ | — | ​
Term Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Term Loans A | ​ | ​ | 799 | ​ |  | ​ | ​
Term Loans B | ​ | ​ | 643 | ​ | ​ | ​ | ​
Previous Secured Credit Agreement: | ​ | ​ | ​ | ​ |  | ​ | ​
Term Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Term Loans A | ​ | ​ | ​ | ​ | ​ | 1,338 | ​
Senior Notes: | ​ | ​ | ​ | ​ | ​ | ​ | ​
5.375%, due 2025 | ​ | ​ | ​ | ​ | ​ | 17 | ​
2.875%, due 2025 ( €176 million at December 31, 2024) | ​ | ​ | ​ | ​ | ​ | 183 | ​
6.625%, due 2027 | ​ | ​ | 610 | ​ | ​ | 609 | ​
6.250%, due 2028 (€600 million) | ​ | ​ | 700 | ​ | ​ | 619 | ​
5.250%, due 2029 (€500 million) | ​ | ​ | 581 | ​ | ​ | 514 | ​
4.750%, due 2030 | ​ | ​ | 397 | ​ | ​ | 397 | ​
7.250%, due 2031 | ​ | ​ | 684 | ​ | ​ | 683 | ​
7.375%, due 2032 | ​ | ​ | 297 | ​ | ​ | 296 | ​
Finance leases | ​ | ​ | 174 | ​ | ​ | 195 | ​
Other | ​ |  | 18 | ​ |  | 8 | ​
Total long-term debt | ​ |  | 4,903 | ​ |  | 4,859 | ​
Less amounts due within one year | ​ |  | 66 | ​ |  | 306 | ​
Long-term debt | ​ | $ | 4,837 | ​ | $ | 4,553 | ​
Fair values of the Company's significant fixed rate debt obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Principal Amount | ​ ​ ​ | Indicated Market Price | ​ ​ ​ | Fair Value | ​
Senior Notes: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
6.625%, due 2027 | ​ | $ | 612 |  | ​ | 100.16 | ​ | $ | 613 | ​
6.250%, due 2028 (€600 million) | ​ | ​ | 704 |  | ​ | 103.00 | ​ | ​ | 725 | ​
5.250%, due 2029 (€500 million) | ​ | ​ | 587 | ​ | ​ | 103.21 | ​ | ​ | 606 | ​
4.750%, due 2030 | ​ | ​ | 400 | ​ | ​ | 96.86 | ​ | ​ | 387 | ​
7.250%, due 2031 | ​ | ​ | 690 | ​ | ​ | 102.20 | ​ | ​ | 705 | ​
7.375%, due 2032 | ​ | ​ | 300 | ​ | ​ | 101.47 | ​ | ​ | 304 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

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