Debt (Tables)

9 Months Ended

Sep. 30, 2025

Outstanding amounts of debt and finance leases

Debt Issuance. In September 2025, we issued $4.5 billion of new senior notes, as detailed in the table below. The proceeds from this debt issuance were used to repay the $2.0 billion of loans outstanding under the Term Loan Facility as described below. We used the remaining net proceeds for general corporate purposes, including investments and repayment of indebtedness. Interest on this debt is paid semiannually.

Principal

Maturity Date

Interest Rate

Net Proceeds

Redeemable Date(1)

"Make Whole" Premium (2)

$1,000 million

September 15, 2030

4.500%

$994 million

August 15, 2030

$1,250 million

September 15, 2032

4.875%

$1,245 million

July 15, 2032

$1,500 million

January 15, 2036

5.250%

$1,490 million

October 15, 2035

$750 million

January 15, 2056

6.000%

$736 million

July 15, 2055

(1) Redeemable at any time prior to this date at a "make whole" premium, defined below. Redeemable at par on or after this date.

(2) "Make whole" premium calculated using a comparable U.S. Treasury rate plus the amount of basis points set forth in this column.