| Schedule of Long-term Debt Instruments |
Details of the Company’s outstanding long-term debt, as well as the fair values, are as follows: | | | | | | | | | | | | | | | | March 31, 2026 | December 31, 2025 | | (In millions) | Carrying
Value | Fair
Value | Carrying
Value | Fair
Value | 3.400% senior notes, net of discount and financing fees, due 2026 | $ | 400 | | 100 | % | $ | 399 | | 100 | % | 5.500% senior notes, net of discount and financing fees, due 2027 | 498 | | 101 | % | 498 | | 102 | % | | | | | | 3.950% senior notes, net of discount and financing fees, due 2029 | 448 | | 98 | % | 448 | | 99 | % | 3.500% senior notes, net of discount and financing fees, due 2030 | 2 | | 90 | % | 2 | | 100 | % | 3.500% senior notes, net of discount and financing fees, due 2030 | 345 | | 96 | % | 343 | | 97 | % | 3.875% senior notes, net of discount and financing fees, due 2030 | 299 | | 97 | % | 299 | | 98 | % | 5.700% senior notes, net of discount and financing fees, due 2034 | 791 | | 103 | % | 791 | | 105 | % | 7.000% senior notes, net of discount and financing fees, due 2036 | 369 | | 112 | % | 369 | | 114 | % | 4.300% senior notes, net of discount and financing fees, due 2047 | 590 | | 79 | % | 590 | | 82 | % | 4.400% senior notes, net of discount and financing fees, due 2048 | 391 | | 80 | % | 391 | | 82 | % | | | | | | 5.950% senior notes, net of discount and financing fees, due 2054 | 683 | | 99 | % | 683 | | 102 | % | Various finance leases, due through 2050 (a) | 308 | | 100 | % | 309 | | 100 | % | | | | | | | Total long-term debt | 5,124 | | N/A | 5,122 | | N/A | | Less – current portion of senior notes | 400 | | 100 | % | 399 | | 100 | % | | Less – current portion of finance leases and other (a) | 38 | | 100 | % | 36 | | 100 | % | | Long-term debt, net of current portion | $ | 4,686 | | N/A | $ | 4,687 | | N/A |
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