DEBT (Tables)

3 Months Ended

Mar. 31, 2025

The following table summarizes the Company’s outstanding debt:


		December 31, 2024				March 31, 2025
	Maturity	Amount (in millions)		Effective interest rate		Amount (in millions)		Effective interest rate

Long-term debt
2026 Notes	2026	1,250		11.0	%	1,250		11.0	%
2029 Green Convertible Notes	2029	1,500		4.8	%	1,500		4.8	%
2030 Green Convertible Notes	2030	1,725		3.8	%	1,725		3.8	%

Total long-term debt		4,475				4,475
Less unamortized discount and debt issuance costs		(34)				(32)
Long-term debt, less unamortized discount and debt issuance costs		$	4,441			$	4,443

- 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

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+ Details