v3.26.1
Financing Arrangements (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of debt
Debt carrying amounts, net of related discounts, premiums and debt issuance costs, were as follows:
As of
March 31, 2026
As of
December 31, 2025
2.900% senior notes due June 1, 2030
$597 $597 
3.200% senior notes due October 1, 2026 (i)
499 499 
3.900% senior notes due June 1, 2050
392 392 
6.625% senior notes due April 15, 2037
253 253 
Revolving credit agreement— — 
Other long-term borrowings
Total long-term debt1,742 1,742 
Commercial paper— — 
Other short-term borrowings83 48 
Total short-term borrowings83 48 
Total debt$1,825 $1,790 
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(i)The senior notes due October 1, 2026 are classified as long-term debt as we have the intent and ability to refinance the notes on a long-term basis.