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DEBT (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
As of June 30, 2025 and December 31, 2024, the Company had debt outstanding as follows:
June 30,December 31,
(in millions)
20252024
Short-term borrowings$3 $61 
Long-term debt
3.375% Senior notes due 03/15/25
— 334 
2.650% Senior notes due 07/01/27 ($1,100 million par value)
1,096 1,095 
7.125% Senior notes due 02/15/29 ($121 million par value)
120 120 
4.950% Senior notes due 08/15/29 ($500 million par value)
496 495 
1.000% Senior notes due 05/19/31 (€1,000 million par value)
1,166 1,022 
5.400% Senior notes due 08/15/34 ($500 million par value)
493 493 
4.375% Senior notes due 03/15/45 ($500 million par value)
495 495 
Term loan facilities, finance leases and other38 46 
Total long-term debt3,904 4,100 
Less: current portion3 337 
Long-term debt, net of current portion$3,901 $3,763 
Schedule of Consolidated Statements of Operations
The following table provides details on Interest expense, net included in the Condensed Consolidated Statements of Operations:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Interest expense$24 $17 $52 $32 
Interest income(12)(9)(28)(19)
Interest expense, net$12 $8 $24 $13