XML 53 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

A summary of long-term debt at December 31, including related interest rates at December 31, 2024, follows (dollars in millions):

 

 

 

2024

 

 

2023

 

Senior secured asset-based revolving credit facility

 

$

 

 

$

1,880

 

Senior secured revolving credit facility

 

 

 

 

 

 

Senior secured term loan facilities (effective interest rate of 5.8%)

 

 

1,238

 

 

 

1,313

 

Other senior secured debt (effective interest rate of 4.6%)

 

 

1,046

 

 

 

967

 

Senior secured debt

 

 

2,284

 

 

 

4,160

 

Senior unsecured notes (effective interest rate of 5.1%)

 

 

41,116

 

 

 

35,766

 

Debt issuance costs and discounts

 

 

(369

)

 

 

(333

)

Total debt (average life of 10.9 years, rates averaging 5.1%)

 

 

43,031

 

 

 

39,593

 

Less amounts due within one year

 

 

4,698

 

 

 

2,424

 

 

 

$

38,333

 

 

$

37,169