v3.26.1
DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
As of June 30, 2026 and December 31, 2025, the Company had debt outstanding as follows:
June 30,December 31,
(in millions)
20262025
Short-term borrowings$3 $3 
Long-term debt
2.650% Senior notes due 07/01/27 ($1,100 million par value)
1,098 1,097 
7.125% Senior notes due 02/15/29 ($121 million par value)
120 120 
4.950% Senior notes due 08/15/29 ($500 million par value)
497 496 
1.000% Senior notes due 05/19/31 (€1,000 million par value)
1,131 1,163 
5.400% Senior notes due 08/15/34 ($500 million par value)
494 494 
4.375% Senior notes due 03/15/45 ($500 million par value)
495 495 
Term loan facilities, finance leases and other30 31 
Total long-term debt3,865 3,896 
Less: current portion2 2 
Long-term debt, net of current portion$3,863 $3,894 
Schedule of Consolidated Statements of Operations
The following table provides details on Interest expense, net included in the Condensed Consolidated Statements of Operations:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Interest expense$25 $24 $50 $52 
Interest income(15)(12)(29)(28)
Interest expense, net$10 $12 $21 $24