v3.26.1
Long-Term Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule Of Long-Term Obligations
Long-term obligations consist of the following (in millions):
June 30, 2026
December 31, 2025
Maturity DateInterest RateAmountInterest RateAmount
Senior Unsecured Credit Agreement:
Term loan payable (1)
January 20275.12 %$500 5.19 %$500 
Revolving credit facilitiesDecember 20305.14 %
(2)
290 3.13 %
(2)
1 
Senior Unsecured Term Loan Agreement:
Term loan payableMarch 20293.83 %493 3.81 %510 
Unsecured Senior Notes:
U.S. Notes (2028)June 20285.75 %800 5.75 %800 
U.S. Notes (2033)June 20336.25 %600 6.25 %600 
Euro Notes (2028)April 20284.13 %286 4.13 %294 
Euro Notes (2031)March 20314.13 %857 4.13 %881 
Finance lease obligations5.68 %
(2)
125 4.81 %
(2)
106 
Other debtVarious through December 203078.79 %
(2) (3)
10 3.21 %
(2)
3 
Total debt3,961 3,695 
Less: long-term debt issuance costs and unamortized bond discounts(28)(32)
Total debt, net of debt issuance costs and unamortized bond discounts3,933 3,663 
Less: current maturities, net of debt issuance costs(545)(32)
Long-term debt, net of debt issuance costs and unamortized bond discounts$3,388 $3,631 
(1)     On July 29, 2026, we prepaid the term loan payable under our Senior Unsecured Credit Agreement with borrowings from our revolving credit facilities.
(2)     Interest rate derived via a weighted average.
(3)     Increase in interest rate as of June 30, 2026 is due to the annualization effect of a short-term borrowing.