DEBT (Tables)

6 Months Ended

Jun. 30, 2026

Total debt, including long-term and current maturities, consisted of the following (in millions of dollars):


	As of
	June 30, 2026				December 31, 2025
	Carrying Value		Fair Value		Carrying Value		Fair Value
4.60% senior notes due 2045	$	1,000	$	894	$	1,000	$	904
4.45% senior notes due 2034	500		486		500		496
3.75% senior notes due 2046	400		314		400		338
4.20% senior notes due 2047	400		333		400		317
Japanese Yen term loans	126		126		83		83
Debt issuance costs – net of amortization and other	(20)		(20)		(21)		(21)
Long-term debt	2,406		2,133		2,362		2,117
Commercial paper and other	2		2		126		126
Current maturities	2		2		126		126
Total debt	$	2,408	$	2,135	$	2,488	$	2,243

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details