LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consisted of the following:

					December 31,
	Effective Interest Rate				2024				2023
In millions			Face Value		Book Value		Fair Value 1		Book Value		Fair Value 1
2024 Credit Agreement:
Term Loan	6.6	%	$	225	$	224	$	225	$	—	$	—
2022 Credit Agreement:
Revolving Credit Facility	8.0	%	N/A		—		—		—		—
Delayed Draw Term Loan	6.6	%	$	250	250		250		250		250
Senior Notes:
4.15% Senior Notes, due 2024					—		—		725		722
3.20% Senior Notes, due 2025	3.4	%	$	500	500		496		499		484
3.45% Senior Notes, due 2026	3.5	%	$	750	750		732		749		718
1.25% Senior Notes (EUR), due 2027	1.5	%	€	500	514		495		547		509
4.70% Senior Notes, due 2028	4.8	%	$	1,250	1,246		1,239		1,245		1,237
5.611% Senior Notes, due 2034	5.7	%	$	500	496		507		—		—
Other Borrowings					—		—		54		57
Total					3,980		3,944		4,069		3,977
Less: current portion					(500)		(496)		(781)		(779)
Long-term portion					$	3,480	$	3,448	$	3,288	$	3,198

1. See Note 17 for information on the fair value measurement of the Company's long-term debt.

As of December 31, 2024, the annual repayment requirements for debt obligations are as follows:

In millions
2025	$	500
2026	750
2027	770
2028	1,250
2029	225
Thereafter	500
Total	$	3,995

Summary of Line of Credit Facilities

The following table presents availability under the 2022 Credit Agreement as of December 31, 2024:

In millions	Revolving Credit Facility		Delayed Draw Term Loan		Total
Maximum Availability	$	1,500	$	250	$	1,750
Outstanding Borrowings	—		(250)		(250)
Letters of Credit Under Credit Agreement	—		—		—
Current Availability	$	1,500	$	—	$	1,500