v3.26.1
DEBT (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of senior notes issued
The following table summarizes the information related to the senior notes issued in May 2026:
Senior Notes
Effective Interest Rate (1)
Timing of Interest Payments
3.5% (€600 Million) Senior Notes due May 2030
3.67%Annually in May
4.0% (€700 Million) Senior Notes due May 2034
4.15%Annually in May
5.375% ($750 Million) Senior Notes due May 2036
5.47%Semi-annually in May and November
4.5% (€600 Million) Senior Notes due May 2039
4.66%Annually in May
(1)    Represents the coupon interest rate adjusted for deferred debt issuance costs and premiums or discounts existing at the origination of the debt.
Schedule of activity related to the conversion option of the convertible senior notes
The Company recognized the following activity related to the conversion option of the convertible senior notes that matured in May 2025 in its Unaudited Consolidated Statements of Operations:
(In millions)Classification in Unaudited Consolidated Statements of OperationsThree Months EndedSix Months Ended
June 30, 2025June 30, 2025
Change in fair value of the embedded derivativeOther income (expense), net$$163 
Amortization of debt discountInterest expense(131)(523)
Total charges
$(126)$(360)