Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following (in millions):

	December 31,
	2024		2023
Long-term debt
Debentures, 6.85%, due 2029	$	156	$	157
Debentures, 7.25%, due 2036	249		249
Debentures, 4.70%, due 2037	297		296
Debentures, 5.75%, due 2040	397		396
Debentures, 4.75%, due 2042	497		497
Debentures, 5.35%, due 2048	545		545
Debentures, 3.90%, due 2049	396		395
Debentures, 4.375%, due 2057	743		743
Debentures, 5.85%, due 2068	297		297
Debentures, 5.45%, due 2079	1,087		1,086
Yen-denominated debentures, 0.698%, due 2024			149
Yen-denominated debentures, 0.722%, due 2025	64		71
Yen-denominated debentures, 0.992%, due 2027	236		263
Yen-denominated debentures, 1.043%, due 2028	163		181
Yen-denominated debentures, 1.219%, due 2030	159		177
Yen-denominated debentures, 1.153%, due 2031	198		221
Yen-denominated debentures, 1.583%, due 2037	63		71
Yen-denominated debentures, 1.513%, due 2039	37		41
Euro-denominated notes, 3.875%, due 2026	311		330
Euro-denominated notes, 4.125%, due 2031	568		602
Financing Leases, average discount rate 4.5%, due through 2044	174		195
Other, average rate 3.61%, due through 2042	575		564
Total long-term debt, including current portion	7,211		7,526
Less current portion of long-term debt	326		320
Long-term debt	$	6,885	$	7,206

Schedule of Debt Maturities

The following table presents debt maturities by year as of December 31, 2024 (in millions) (1):

2025		2026		2027		2028		2029		Thereafter
$	326	$	383	$	290	$	193	$	197	$	5,910

(1)Excludes impact of bond discounts and deferred expenses and includes obligations relating to finance leases that have commenced. For the estimated undiscounted lease payments associated with leases entered into but not yet commenced, refer to Note 5 (Leases) for additional information.