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Long-Term Debt and Available Credit Facilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Short-Term Borrowings and Finance Lease Obligations |
Short-term borrowings and finance lease obligations
(In millions) | December 31, 2024 | December 31, 2023
Other loans - various currencies | $ | 250 |  | $ | 1 |
Long-term debt payable within one year | 500 |  | 196 |
Finance lease obligations payable within one year | — |  | 1 |
Total short-term borrowings and finance lease obligations | $ | 750 |  | $ | 198 |
Long-Term Debt |
Long-Term Debt |  |  |
| December 31, 2024 |  | December 31, 2023
(In millions) | Amount | Weighted Average Rate |  | Amount | Weighted Average Rate
Promissory notes and debentures: |  |  |  |  |
Maturing in July 2025 | $ | 500 |  | 1.70 | % |  | $ | 500 |  | 1.70 | %
Maturing in May 2026 | 600 |  | 4.50 | % |  | 600 |  | 4.50 | %
Maturing in July 2030 | 500 |  | 2.30 | % |  | 500 |  | 2.30 | %
Maturing in May 2033 | 600 | 4.80 | % |  | 600 |  | 4.80 | %
Other loans: |  |  |  |  |
Foreign currency loans, various rates and maturities | 161 |  | 12.70 | % |  | 196 |  | 14.80 | %
Medium-term notes, varying maturities through 2041 | 104 |  | 4.41 | % |  | 106 |  | 5.34 | %
Finance lease obligations | — |  |  |  | 1 |  |
Less: Unamortized debt discount and issuance costs | 12 |  |  |  | 16 |  |
Less: Long-term debt due within one year | 500 |  |  |  | 196 |  |
Total | $ | 1,953 |  |  |  | $ | 2,291 |  |
Committed and Available Credit Facilities |
Committed and Available Credit Facilities at December 31, 2024 |  |
(In millions) | Effective Date | Committed Credit | Credit Available | Maturity Date | Interest
Revolving Credit Facility | June 2024 | $ | 2,850 |  | $ | 2,850 |  | June 2029 | Floating Rate
Revolving Credit Facility | June 2024 | 1,900 |  | 1,900 |  | June 2027 | Floating Rate
364-Day Revolving Credit Facility | February 2024 | 1,000 |  | 1,000 |  | February 2025 | Floating Rate
Total Committed and Available Credit Facilities |  | $ | 5,750 |  | $ | 5,750 |  |  |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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