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Long-Term Debt and Credit Agreements (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt and Credit Agreement Components
The following table includes a summary of the Company’s long-term debt.
 December 31,
(In millions)20242023
Private placement senior notes:
3.65% weighted-average private placement senior notes(1)
$250 $825 
Senior notes:
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 — 
5.40% senior notes due February 15, 2035
750 — 
5.90% senior notes due February 15, 2055
750 — 
Total debt3,500 2,075 
Unamortized debt premium69 90 
Unamortized debt discount(10)— 
Unamortized debt issuance costs(24)(4)
Total debt, net3,535 2,161 
Less: current portion of long-term debt— 575 
Long-term debt$3,535 $1,586 
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(1)The 3.65% weighted-average senior notes have bullet maturities, of which $575 million was repaid in September 2024 and $250 million will mature in September 2026. The remaining $250 million of the 3.65% weighted-average private placement senior notes bear interest at 3.77% per annum.
Schedule of Maturities of Long-term Debt
As of December 31, 2024, maturities of long-term debt over the next five years were as follows:
(In millions)
Year Ending December 31,
2025$— 
2026250
2027750
2028— 
2029500
Thereafter2,000 
Total long-term debt$3,500