Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt

Schedule of Long-term Debt Instruments

	December 31,
	2025		2024
	(in millions)
Holding Company:
6.250% senior notes due 2026		240		719
5.250% senior notes due 2027		1,383		1,384
4.375% senior notes due 2029		657		656
9.750% senior notes due 2029		699		698
10.000% senior notes due 2029		988		495
9.000% senior notes due 2030		697		747
		4,664		4,699
Reporting Segments:
Energy		1,765		1,919
Automotive		21		31
Food Packaging		142		144
Real Estate		1		1
Home Fashion		23		15
		1,952		2,110
Total Debt	$	6,616	$	6,809

Schedule of Maturities of Long-term Debt

The following is a summary of the maturities of our debt as of December 31, 2025:

Year	Amount
	(in millions)
2026	$	405
2027		1,539
2028		950
2029		2,958
2030		700
Thereafter		—
Total debt payments (excluding financing lease payments)		6,552
Less: unamortized discounts, premiums and deferred financing fees		(24)
Financing leases (Note 12)		88
	$	6,616