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LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following:
Effective Interest RateFace ValueMarch 31, 2026December 31, 2025
In millionsBook Value
Fair Value1
Book Value
Fair Value1
2025 Credit Agreement:
Revolving Credit Facility4.2 %N/A$427 $427 $— $— 
Term Loan Facility, due 20305.1 %$725 721 725 721 725 
2025 Term Credit Agreement:
Term Loan, due 20264.8 %$500 500 500 500 500 
Senior Notes:
3.45% Senior Notes, due 2026
3.5 %$750 750 746 750 746 
1.25% Senior Notes (EUR), due 2027
1.5 %500 574 556 583 575 
4.70% Senior Notes, due 2028
4.8 %$1,250 1,247 1,251 1,247 1,266 
4.90% Senior Notes, due 2030
5.1 %$500 496 503 496 512 
5.611% Senior Notes, due 2034
5.7 %$500 496 512 496 526 
5.50% Senior Notes, due 2035
5.6 %$750 743 760 743 783 
Uncommitted Money Market Line Credit Agreement
4.1 %N/A51 51 — — 
Revolving Receivables Program
4.8 %N/A445 445 — — 
Other Borrowings88 88 
Total6,538 6,564 5,541 5,638 
Less: current portion(1,830)(1,826)(1,250)(1,246)
Long-term portion$4,708 $4,738 $4,291 $4,392 
1. See Note 13 for information on the fair value measurement of the Company's long-term debt.
Schedule of Line of Credit Facilities
The following table presents availability under the 2025 Credit Agreement at March 31, 2026:
In millionsRevolving Credit FacilityTerm Loan FacilityTotal
Maximum Availability$2,000 $725 $2,725 
Outstanding Borrowings(427)(725)(1,152)
Letters of Credit Under Credit Agreement— — — 
Current Availability$1,573 $— $1,573