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| Debt | 10. Debt The following were individual components of debt:
For the terms attached to the senior notes, the revolving credit facility, the term loans and the commercial paper programs, refer to the narrative included in “Note 15. Debt” of the 2025 Consolidated Financial Statements. The carrying amount of borrowings which are designated as net investment hedges, as outlined therein, has not changed materially and no ineffectiveness was recognized in the period. In June 2026, we exercised the second one-year extension option under our $4,500 million revolving credit facility, extending the maturity date to June 2031. At June 30, 2026 there were no amounts drawn under the revolving credit facility. There were no new issuances or redemptions during the period in relation to the senior notes. At June 30, 2026, all of our debt was unsecured with the exception of our receivables securitization facilities and finance lease obligations. Receivables Securitization Facilities We have three trade receivables securitization programs. For the size, terms and maturities attached to these programs, refer to the narrative included in “Note 15. Debt” of the 2025 Consolidated Financial Statements. As of June 30, 2026, the gross amount of receivables collateralizing the euro-denominated trade receivables programs was €757 million (December 31, 2025: €749 million). At June 30, 2026, maximum available borrowings, when excluding amounts drawn under these programs, were $12 million (December 31, 2025: $13 million). As of June 30, 2026, the gross amount of receivables collateralizing the U.S. dollar-denominated trade receivables program was $1,173 million (December 31, 2025: $1,043 million). At June 30, 2026, maximum available borrowings, when excluding amounts drawn under these programs, were $50 million (December 31, 2025: $47 million). In June 2026, we amended and extended the U.S. dollar-denominated trade receivables program, reducing the facility size from $700 million to $600 million and extending the maturity date to June 2031.
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