v3.26.1
Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Our debt obligations consisted of the following:
March 31,
2026		December 31,
2025
Credit Facility$125 $— 
6.000% senior notes due 2026 (1)
— 500 
3.875% CAD senior notes due 2026 (2)
395 400 
Parkland 3.875% CAD senior notes due 2026 (1)
— 37 
TanQuid 2.340% EUR senior notes due 2026 (2)
95 — 
6.000% senior notes due 2027 (1)
— 600 
5.625% senior notes due 2027
550 550 
5.875% senior notes due 2027
499 499 
Parkland 5.875% senior notes due 2027 (1)
— 1 
5.875% senior notes due 2028
400 400 
7.000% senior notes due 2028
500 500 
6.000% CAD senior notes due 2028
274 277 
Parkland 6.000% CAD senior notes due 2028 (1)
— 14 
4.500% senior notes due 2029
800 800 
7.000% senior notes due 2029
750 750 
4.375% CAD senior notes due 2029
391 397 
Parkland 4.375% CAD senior notes due 2029 (1)
— 40 
4.500% senior notes due 2029
790 790 
Parkland 4.500% senior notes due 2029 (1)
— 10 
4.500% senior notes due 2030
800 800 
6.375% senior notes due 2030
600 600 
4.625% senior notes due 2030
798 798 
Parkland 4.625% senior notes due 2030 (1)
— 2 
TanQuid variable rate EUR senior notes due 203054 — 
5.625% senior notes due 2031
1,000 1,000 
5.375% senior notes due 2031
600 — 
7.250% senior notes due 2032
750 750 
6.625% senior notes due 2032
493 493 
Parkland 6.625% senior notes due 2032 (1)
— 7 
6.250% senior notes due 2033
1,000 1,000 
5.875% senior notes due 2034
900 900 
5.625% senior notes due 2034
600 — 
GoZone Bonds322 322 
Lease-related financing obligations and other subsidiary debt539 233 
Net unamortized premiums, discounts and fair value adjustments(1)2 
Deferred debt issuance costs(92)(83)
Total debt13,932 13,389 
Less: current maturities12 17 
Total long-term debt, net$13,920 $13,372 
(1)    These senior notes were redeemed in March 2026. See additional information under “Recent Transactions.”
(2)     As of March 31, 2026, $490 million aggregate principal amount of senior notes due before March 31, 2027 were classified as long-term as management has the intent and ability to refinance the borrowings on a long-term basis.
Schedule of Debt Conversions
The following table summarizes the GoZone Bonds outstanding as of March 31, 2026:
SeriesDate IssuedAmount OutstandingInterest RateMandatory Purchase DateOptional Redemption DateMaturity Date
Series 2008June 26, 2008$56 6.10 %June 1, 2030n/aJune 1, 2038
Series 2010July 15, 2010100 6.35 %n/aJune 1, 2030July 1, 2040
Series 2010AOctober 7, 201043 6.35 %n/aJune 1, 2030October 1, 2040
Series 2010BDecember 29, 201048 6.10 %June 1, 2030n/aDecember 1, 2040
Series 2011October 1, 202575 3.70 %June 1, 2030n/aAugust 1, 2041