| Schedule of Long-Term Borrowings |
| | | | | | | | | Borrowings Composition | As of | | June 30, 2026 | December 31, 2025 | 5.650% senior notes due November 15, 2027 | $ | 1,750 | | $ | 1,750 | | 4.150% senior notes due December 15, 2028 | 600 | | 600 | | 4.800% senior notes due August 14, 2029 | 1,000 | | 1,000 | | 5.857% senior notes due March 15, 2030 | 1,250 | | 1,250 | | 4.800% senior notes due January 15, 2031 | 650 | | 650 | | 5.905% senior notes due November 22, 2032 | 1,750 | | 1,750 | | 5.500% senior notes due June 15, 2035 | 850 | | 850 | | 4.950% senior notes due December 15, 2035 | 650 | | 650 | | 6.377% senior notes due November 22, 2052 | 1,000 | | 1,000 | | Floating rate Delayed Draw Term Loan Facility due March 16, 2029 | 650 | | — | | Floating rate Term Loan Facility due January 2, 2026(1) | — | | 500 | | Other | 13 | | 24 | | Total principal debt issued | 10,163 | | 10,024 | | Less: Unamortized debt issuance costs and discounts | 44 | | 49 | | Add: Cumulative basis adjustment for fair value hedges | (25) | | 27 | | Total borrowings | 10,093 | | 10,003 | | Less: Short-term borrowings(2) | 2 | | 508 | | Long-term borrowings | $ | 10,091 | | $ | 9,495 | |
(1) In the first quarter of 2026, the Company repaid $500 million of the remaining Term Loan Facility upon maturity. (2) Short-term borrowings as of June 30, 2026 and December 31, 2025 includes $2 million and $502 million, respectively, related to the current portion of our long-term borrowings, net of unamortized debt issuance costs and discounts.
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