Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt at December 31, 2024 and 2023 consisted of the following:

(in millions)	December 31, 2024			December 31, 2023
Current portion of long-term debt:
Current portion of 5-year term loan facility expires 2026	$	25		$	25
Current portion of 3-year term loan expires 2025		150			—
Current portion of 5-year term loan credit agreement expires 2027		50			44
Current portion of 4.200% senior notes, semi-annual interest payments, net of the unamortized discount, balloon due 2024		—			500
Total current portion of long-term debt		225			569
Long-term debt:
Note agreements:
4.500% senior notes, semi-annual interest payments, net of the unamortized discount, balloon due 2029		350			350
2.375% senior notes, semi-annual interest payments, net of the unamortized discount, balloon due 2031		700			700
4.200% senior notes, semi-annual interest payments, net of the unamortized discount, balloon due 2032		598			598
5.650% senior notes, semi-annual interest payments, net of the unamortized discount, balloon due 2034		599			—
4.950% senior notes, semi-annual interest payments, net of the unamortized discount, balloon due 2052		592			592
Total notes		2,839			2,240
Credit agreements:
5-year term loan facility, periodic interest and principal payments, SOFR plus up to 1.750%, expires October 27, 2026		169			194
5-year revolving loan facility, periodic interest payments, SOFR plus up to 1.525%, plus commitment fees up to 0.225%, expires October 27, 2026		250			100
3-year term loan facility, periodic interest and principal payments, SOFR plus up to 1.625%, expires March 31, 2025		—			300
5-year term loan facility, periodic interest and principal payments, SOFR plus up to 1.750%, expires March 31, 2027		362			412
Total credit agreements		781			1,006
Debt issuance costs (contra)		(21	)		(19	)
Total long-term debt less unamortized discount and    debt issuance costs		3,599			3,227
Current portion of long-term debt		225			569
Total debt	$	3,824		$	3,796

Schedule of Liabilities that are Not Measured at Fair Value on a Recurring Basis

The following tables presents liabilities that are not measured at fair value on a recurring basis:

	December 31, 2024				December 31, 2023
(in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
Liabilities:
Current portion of long-term debt	$	—	$	—	$	500	$	495
Long-term debt	$	2,839	$	2,602	$	2,240	$	1,993