v3.26.1
DEBT - Long-Term Debt (Detail) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Total debt $ 5,951 $ 5,323
Less: current maturities (860) (30)
Long-term debt 5,091 5,293
3.450% Senior Notes, Due 2027    
Debt Instrument [Line Items]    
Total debt 300 299
3.500% Senior Notes, Due 2027    
Debt Instrument [Line Items]    
Total debt 494 493
2.500% Senior Notes, Due 2030    
Debt Instrument [Line Items]    
Total debt 474 473
2.400% Senior Notes, Due 2031    
Debt Instrument [Line Items]    
Total debt 891 891
5.150% Senior Notes, Due 2034    
Debt Instrument [Line Items]    
Total debt 739 739
6.25% Senior Notes, Due 2037    
Debt Instrument [Line Items]    
Total debt 229 229
4.250% Senior Notes, Due 2047    
Debt Instrument [Line Items]    
Total debt 591 591
3.200% Senior Notes, Due 2051    
Debt Instrument [Line Items]    
Total debt 851 851
5.500% Senior Notes, Due 2054    
Debt Instrument [Line Items]    
Total debt 727 727
Revolving Facility    
Debt Instrument [Line Items]    
Total debt [1] 95 0
Trade Receivable Facility    
Debt Instrument [Line Items]    
Total debt [2] $ 560 $ 30
[1]

1 Borrowings bear interest, at the Company’s option, at rates based upon the Secured Overnight Financing Rate (SOFR) or a base rate, plus, for each rate, a margin determined in accordance with a ratings-based pricing grid. Revolving Facility interest rate is 4.75% at June 30, 2026. Any outstanding principal amounts, together with interest accrued thereon, are due in full on the maturity date.
[2]

2 Borrowings bear interest at a rate equal to the Adjusted Term Secured Overnight Financing Rate (Adjusted Term SOFR), as defined, plus 0.7%. Trade Receivable Facility interest rate is 4.32% and 4.57% at June 30, 2026 and December 31, 2025, respectively.

 

On May 14, 2026, the Company requested, and lenders consented to, an increase in the borrowing base of the Trade Receivable Facility from $400 million to $600 million. The Company funded the NFM acquisition (see Note B) using cash on hand and short-term borrowings under the Trade Receivable Facility.