Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Our long-term debt consisted of the following as of June 30, 2025 and December 31, 2024:

	June 30, 2025				December 31, 2024
	Carrying Amount		Fair Value(a)		Carrying Amount		Fair Value(a)
Credit Facility	$	—	$	—	$	—	$	—
4.95% senior notes due 2025	—		—		389		389
5.50% senior notes due 2026	—		—		47		47
5.375% senior notes due 2029	700		700		700		684
5.875% senior notes due 2029	469		471		500		494
6.75% senior notes due 2029	866		878		950		959
5.375% senior notes due 2030	1,200		1,204		1,200		1,174
4.75% senior notes due 2032	1,150		1,118		1,150		1,067
5.70% senior notes due 2035	750		734		750		734
Premiums (discounts) on senior notes, net	(4)		—		4		—
Debt issuance costs	(9)		—		(10)		—
Total debt, net	$	5,122	$	5,105	$	5,680	$	5,548
Less current maturities of long-term debt, net	—		—		(389)		(389)
Total long-term debt, net	$	5,122	$	5,105	$	5,291	$	5,159

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(a)The carrying value of borrowings under our Credit Facility approximates fair value as the interest rates are based on prevailing market rates; therefore, they are a Level 1 fair value measurement. For all other debt, a market approach, based upon quotes from major financial institutions, which are Level 2 inputs, is used to measure the fair value.