v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s debt obligations consisted of the following:
As of
(In millions)June 30, 2026December 31, 2025
Variable-rate debt:
Receivables Facility$525 $— 
Revolving Facility250 — 
Fixed-rate debt:
Private placement notes300 300 
Unsecured senior notes, due April 2027 - October 20343,850 3,850 
Subtotal$4,925 $4,150 
Less: current maturities of debt(448)(148)
Unamortized discounts and debt issuance costs(20)(22)
Interest rate swap - fair value adjustment(1)(2)
Total long-term debt$4,456 $3,978