v3.26.1
Long-Term Debt and Short-Term Borrowings (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long -Term Debt and Short-Term Debt
The carrying value includes the impact of debt issuance costs. Long-term debt and short-term borrowings as of March 31, 2026 and December 31, 2025 consisted of the following:
(Millions)CurrencyEffective Interest RateFinal Maturity DateCarrying Value
DescriptionMarch 31, 2026December 31, 2025
Three year senior term loan credit facility
USD5.03 2027$110 $110 
$1 billion 5.45 percent three year senior notes
USD5.36 2027349 349 
$1.5 billion 5.40 percent five year senior notes
USD5.28 2029698 698 
$1 billion 5.45 percent seven year senior notes
USD5.31 2031991 991 
$1.65 billion 5.60 percent ten year senior notes
USD5.48 20341,634 1,636 
$1.25 billion 5.90 percent thirty year senior notes
USD6.04 20541,210 1,209 
$500 million 6.00 percent forty year senior notes
USD6.04 206442 42 
Other borrowings2.15 202746 — 
Total debt5,080 5,035 
Less: short-term borrowings and current portion of long-term debt505 — 
Long-term debt (excluding current portion)$4,575 $5,035 
Schedule of Maturities of Long-Term Debt The maturities of long-term debt for the periods subsequent to March 31, 2026 are as follows (in millions):
Remainder of
2026		20272028202920302031After 2031Total
$—$460$—$703$—$1,000$2,920$5,083