v3.25.2
SENIOR NOTES (Tables)
 6 Months Ended
Jun. 30, 2025
Senior Notes [Abstract]  
Schedule of Outstanding Senior Notes
The table below displays Holdings’ outstanding senior notes (the “Senior Notes”). Fair value is based on quoted market prices, but due to limited trading activity, the Senior Notes are considered Level 2 in the fair value hierarchy.
June 30, 2025December 31, 2024
(Dollars in millions)Date IssuedDate DuePrincipal
Amounts		Consolidated
Balance Sheet
Amount		Fair
Value		Consolidated
Balance Sheet
Amount		Fair
Value
4.868% Senior notes
6/5/20146/1/2044$400 $398 $355 $398 $347 
3.5% Senior notes
10/7/202010/15/20501,000 982 685 982 681 
3.125% Senior notes
10/4/202110/15/20521,000 971 622 971 620 
$2,400 $2,351 $1,662 $2,350 $1,648 
(Some amounts may not reconcile due to rounding.)
Schedule of Interest Expense Incurred in Connection with Senior Notes
Interest expense incurred in connection with the Senior Notes is as follows for the periods indicated:
Three Months Ended
June 30,		Six Months Ended
June 30,
(Dollars in millions)Interest PaidPayable Dates2025202420252024
4.868% Senior notes
Semi-annuallyJune 1/December 1$5 $5 $10 $10 
3.5% Senior notes
Semi-annuallyApril 15/October 159 9 18 18 
3.125% Senior notes
Semi-annuallyApril 15/October 158 8 16 16 
$22 $22 $43 $43 
(Some amounts may not reconcile due to rounding.)