
			June 30	December 31	June 30
in $ millions	Effective interest rate		2026	2025	2025
Senior Notes (U.S. Dollar denominated unless otherwise noted)




1.250% euro Senior Notes due 2026	1.25	%	855	882	879
3.400% Senior Notes due 2027	3.49	%	600	600	600
4.000% euro Senior Notes due 2027	4.13	%	570	588	586
3.950% Senior Notes due 2028	4.07	%	900	900	900
1.375% euro Senior Notes due 2028	1.42	%	684	705	703
5.200% Senior Notes due 2029	5.30	%	750	750	750
4.125% Sterling Senior Notes due 2029	4.22	%	529	539	548
5.125% Senior Notes due 2030	5.25	%	1,250	1,250	1,250
1.625% euro Senior Notes due 2030	1.72	%	855	882	879
4.400% Senior Notes due 2031	4.58	%	1,000	1,000	–
4.000% euro Senior Notes due 2031	4.10	%	855	882	879
6.400% Senior Notes due 2033 (i)	6.43	%	213	213	213
5.400% Senior Notes due 2034	5.52	%	750	750	750
5.500% Senior Notes due 2035	5.57	%	1,250	1,250	1,250
4.250% euro Senior Notes due 2035	4.38	%	855	882	879
5.000% Senior Notes due 2036	5.15	%	1,000	1,000	–
5.125% Senior Notes due 2045	5.25	%	500	500	500
4.400% Senior Notes due 2047	4.44	%	400	400	400
4.500% Senior Notes due 2048	4.63	%	600	600	600
5.875% Senior Notes due 2055	5.97	%	500	500	500
5.600% Senior Notes due 2056	5.74	%	500	500	–
Bank and Other Debt Obligations
USD interest-bearing loan due 2027	4.96	%	750	750	750
PHP interest-bearing loan due 2027	5.63	%	389	391	410
AUD interest-bearing loan due 2028	6.09	%	421	411	–
AUD interest-bearing loan due 2029	—	%	–	–	483
AUD interest-bearing loan due 2030	5.31	%	218	258	–
U.S. Dollar Commercial Paper	4.12	%	651	–	1,002
Euro Commercial Paper	—	%	–	170	–
Other obligations			71	78	78

Unamortized discounts and debt issuance costs			(95)	(98)	(83)
Total long-term debt (ii)			17,821	17,533	15,706
Less: current portion of long-term debt (iii)			(2,411)	(1,055)	(1,064)
Long-term debt			15,410	16,478	14,642

(i) The $300 million 6.400% Senior Notes were issued in September 2003, and at the time of issuance the Senior Notes were partially swapped to floating interest rates. In August 2009 and December 2010, $87 million of the issued Senior Notes were acquired by the Company as part of liability management exercises undertaken and the interest rate hedge was closed out. The remaining fair value hedge adjustment on the hedged item in the Condensed Consolidated Balance Sheets was $22 million, $23 million, and $25 million as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively.

(ii) Of the Company’s nominal fixed rate debt as of June 30, 2026, December 31, 2025, and June 30, 2025, $500 million, $500 million, and $500 million, respectively, was hedged to daily compounded Secured Overnight Financing Rate (SOFR) using interest rate swaps. Of the Company’s nominal floating rate debt as of June 30, 2026, December 31, 2025, and June 30, 2025, $413 million, $nil million, and $nil million, respectively, was hedged to fixed rates using interest rate swaps.