Long-Term Debt and Available Credit Facilities (Tables)

12 Months Ended

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