Long-Term Debt and Credit Agreements (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Senior Notes and Credit Agreement Components

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


(In millions)	June 30, 2025		December 31, 2024
Private placement senior notes:
3.77% senior notes due September 18, 2026	$	250	$	250
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		500
5.40% senior notes due February 15, 2035	750		750
5.90% senior notes due February 15, 2055	750		750
Term loan:
Tranche A term loan due January 27, 2027	150		—
Tranche B term loan due January 17, 2028	500		—

	4,150		3,500
Unamortized debt premium	58		69
Unamortized debt discount	(10)		(10)
Unamortized debt issuance costs	(23)		(24)


Long-term debt	$	4,175	$	3,535

- 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