Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

(In millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at   September 30, 2025
Assets
Deferred compensation plan	$	20	$	—	$	—	$	20
Derivative instruments	—		30		123		153
	$	20	$	30	$	123	$	173
Liabilities
Deferred compensation plan	$	20	$	—	$	—	$	20
Derivative instruments	—		—		29		29
	$	20	$	—	$	29	$	49

(In millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at   December 31, 2024
Assets
Deferred compensation plan	$	17	$	—	$	—	$	17
Derivative instruments	—		—		26		26
	$	17	$	—	$	26	$	43
Liabilities
Deferred compensation plan	$	17	$	—	$	—	$	17
Derivative instruments	—		—		35		35
	$	17	$	—	$	35	$	52

Schedule of Reconciliation of Changes in the Fair Value of Financial Assets and Liabilities Classified as Level 3

The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy:

	Nine Months Ended  September 30,
(In millions)	2025		2024
Balance at beginning of period	$	(9)	$	92
Total gain included in earnings	140		48
Settlement gain	(37)		(90)
Balance at end of period	$	94	$	50
Change in unrealized gains relating to assets and liabilities still held at the end of the period	$	95	$	30

Schedule of Carrying Amounts and Fair Values of Debt

The carrying amount and estimated fair value of debt are as follows:

	September 30, 2025				December 31, 2024
(In millions)	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Total debt	$	3,922	$	3,869	$	3,535	$	3,395
Current maturities	(250)		(248)		—		—
Long-term debt, excluding current maturities	$	3,672	$	3,621	$	3,535	$	3,395