The estimated fair value of the Company’s outstanding debt using quoted prices from over-the-counter markets, considered Level 2 inputs, was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Carrying Value (a) | | Fair
Value | | Carrying Value (a) | | Fair
Value | | 2032 Senior Notes | $ | 1,634 | | | $ | 1,654 | | | $ | 1,633 | | | $ | 1,706 | | | Term Loan | 983 | | | 990 | | | 984 | | | 999 | | | 2033 Euro Notes | 1,267 | | | 1,246 | | | 1,304 | | | 1,343 | | | 2027 Convertible Notes | 630 | | | 602 | | | 628 | | | 610 | | | Total | $ | 4,514 | | | $ | 4,492 | | | $ | 4,549 | | | $ | 4,658 | | | | | | | | | | (a) Carrying value excludes unamortized debt issuance costs related to the Revolving Credit Facility of $3 million as of June 30, 2026 and December 31, 2025. |
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