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Long-Term Debt and Available Credit Facilities (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Short-Term Borrowings and Finance Lease Obligations
Short-Term Borrowings and Finance Lease Obligations
(In millions)December 31, 2025December 31, 2024
364-Day Revolving Credit Facility$— $— 
Other loans - various currencies112 250 
Long-term debt payable within one year782 500 
Finance lease obligations payable within one year— — 
Total short-term borrowings and finance lease obligations$894 $750 
Long-Term Debt
Long-Term Debt
December 31, 2025December 31, 2024
(In millions)AmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures:
Maturing in July 2025$— — %$500 1.70 %
Maturing in May 2026600 4.50 %600 4.50 %
Maturing in July 2030500 2.30 %500 2.30 %
Maturing in May 2032500 5.125 %— — %
Maturing in May 2033600 4.80 %600 4.80 %
Other loans:
Foreign currency loans, various rates and maturities182 12.70 %161 12.70 %
Medium-term notes, varying maturities through 2041102 3.76 %104 4.41 %
Finance lease obligations— — 
Less: Unamortized debt discount and issuance costs16 12 
Less: Long-term debt due within one year782 500 
Total long-term debt$1,686 $1,953 
Committed and Available Credit Facilities
Committed and Available Credit Facilities at December 31, 2025
(In millions)Effective DateCommitted CreditCredit AvailableMaturity DateInterest
Revolving Credit FacilityJune 2024$2,850 $2,850 June 2029Floating Rate
Revolving Credit FacilityJune 20241,900 1,900 June 2027Floating Rate
364-Day Revolving Credit FacilityFebruary 2025750 750 February 2026Floating Rate
Total committed and available credit facilities$5,500 $5,500