Debt and Credit Agreements (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Senior Notes and Credit Agreement Components

The Company’s senior notes and credit agreements consisted of the following:


(In millions)	September 30, 2023		December 31, 2022

3.65% weighted-average private placement senior notes	$	825	$	825
3.90% senior notes due May 15, 2027	750		750
4.375% senior notes due March 15, 2029	500		500
Revolving credit agreement	—		—
Total	2,075		2,075
Unamortized debt premium	96		111
Unamortized debt issuance costs	(4)		(5)
Total debt	$	2,167	$	2,181
Less: current portion of long-term debt	575		—
Long-term debt	$	1,592	$	2,181

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details