Long-Term Debt and Credit Agreements (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Senior Notes and Credit Agreement Components

The following table includes a summary of the Company’s long-term debt:

(In millions)	September 30, 2024		December 31, 2023
3.65% weighted-average private placement senior notes(1)	$	250	$	825
3.90% senior notes due May 15, 2027	750		750
4.375% senior notes due March 15, 2029	500		500
5.60% senior notes due March 15, 2034	500		—
Revolving credit agreement	—		—
Total	2,000		2,075
Unamortized debt premium	74		90
Unamortized debt discount	(1)		—
Unamortized debt issuance costs	(7)		(4)
Total debt	2,066		2,161
Less: current portion of long-term debt	—		575
Long-term debt	$	2,066	$	1,586

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(1)The 3.65% weighted-average senior notes include bullet maturities, of which $575 million was repaid in September 2024 and $250 million will mature in September 2026.